https://www.taxtmi.com/caselaws?id=285380 A lump-sum gratuity-like payment received by a former employee from a third party after the employer's liquidation was treated as a mere windfall, not remuneration for services or a receipt arising from any subsisting employment. Because it lacked the character of a periodical return from a definite source, it was not assessable as income under the charging provisions relied on. The receipt also fell within the statutory exemption for casual and non-recurring receipts not arising from business, profession, vocation or occupation, and was therefore outside the charge to income tax. en-us Wed, 13 Jun 1934 00:00:00 +0530 Thu, 09 Jan 2020 15:24:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285380 A lump-sum gratuity-like payment received by a former employee from a third party after the employer's liquidation was treated as a mere windfall, not remuneration for services or a receipt arising from any subsisting employment. Because it lacked the character of a periodical return from a definite source, it was not assessable as income under the charging provisions relied on. The receipt also fell within the statutory exemption for casual and non-recurring receipts not arising from business, profession, vocation or occupation, and was therefore outside the charge to income tax. Case-Laws Income Tax Wed, 13 Jun 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285380