https://www.taxtmi.com/caselaws?id=277198 The Court held that the payment of lb45,000 to the appellant was considered a profit arising from his directorship and therefore subject to income tax under Schedule E. The Court dismissed the appeal, affirming the decision of the Court of Appeal and emphasizing that the payment was made to retain the appellant's services as a director, distinguishing it from a capital payment. en-us Tue, 12 Mar 1940 00:00:00 +0530 Wed, 28 Nov 2018 16:37:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277198 The Court held that the payment of lb45,000 to the appellant was considered a profit arising from his directorship and therefore subject to income tax under Schedule E. The Court dismissed the appeal, affirming the decision of the Court of Appeal and emphasizing that the payment was made to retain the appellant's services as a director, distinguishing it from a capital payment. Case-Laws Income Tax Tue, 12 Mar 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277198