https://www.taxtmi.com/caselaws?id=276843 Commission paid to an employee qualified for exemption under the notification where the employer's profits out of which it was paid had been assessed and brought to tax. The court treated assessment and charge as distinct from levy and payment, holding that the notification was satisfied once the relevant profits were assessed and within the tax charge, even if no tax was ultimately collected. The employer's later exemption under section 25(4) did not undo the earlier assessment or charge, because exemption operates only after a tax liability has arisen and does not negate the prior tax status of the profits. The referred question was answered in favour of the assessee. en-us Thu, 22 Sep 1955 00:00:00 +0530 Mon, 19 Nov 2018 13:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276843 Commission paid to an employee qualified for exemption under the notification where the employer's profits out of which it was paid had been assessed and brought to tax. The court treated assessment and charge as distinct from levy and payment, holding that the notification was satisfied once the relevant profits were assessed and within the tax charge, even if no tax was ultimately collected. The employer's later exemption under section 25(4) did not undo the earlier assessment or charge, because exemption operates only after a tax liability has arisen and does not negate the prior tax status of the profits. The referred question was answered in favour of the assessee. Case-Laws Income Tax Thu, 22 Sep 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276843