https://www.taxtmi.com/caselaws?id=277148 A receipt is not taxable as income where it is not a periodical return from a definite source and does not arise from business, profession, vocation or occupation. On the facts, the auctioneer's commission was treated as a relief connected with the sale, not as commercial income earned by the assessee in any organised activity. It was therefore not income accruing or arising as business income, and in any event its casual and non-recurring character brought it within the exemption for such receipts under the Income-tax Act, 1922. en-us Mon, 25 Apr 1938 00:00:00 +0530 Tue, 27 Nov 2018 12:12:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277148 A receipt is not taxable as income where it is not a periodical return from a definite source and does not arise from business, profession, vocation or occupation. On the facts, the auctioneer's commission was treated as a relief connected with the sale, not as commercial income earned by the assessee in any organised activity. It was therefore not income accruing or arising as business income, and in any event its casual and non-recurring character brought it within the exemption for such receipts under the Income-tax Act, 1922. Case-Laws Income Tax Mon, 25 Apr 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277148