https://www.taxtmi.com/caselaws?id=285692 The court held that the Rs. 3000 received by Mr. V. P. Rao as remuneration for acting as an arbitrator was not exempt from assessment under Section 4(3)(vii) of the Income Tax Act. The court determined that the remuneration was taxable as it arose from the exercise of an occupation and was not of a casual and non-recurring nature. The court concluded that the amount was assessable to income tax, and the assessee was directed to pay costs to the Commissioner of Income Tax, with advocate's fees set at Rs. 250. en-us Wed, 02 Aug 1950 00:00:00 +0530 Wed, 22 Jan 2020 14:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285692 The court held that the Rs. 3000 received by Mr. V. P. Rao as remuneration for acting as an arbitrator was not exempt from assessment under Section 4(3)(vii) of the Income Tax Act. The court determined that the remuneration was taxable as it arose from the exercise of an occupation and was not of a casual and non-recurring nature. The court concluded that the amount was assessable to income tax, and the assessee was directed to pay costs to the Commissioner of Income Tax, with advocate's fees set at Rs. 250. Case-Laws Income Tax Wed, 02 Aug 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285692