https://www.taxtmi.com/caselaws?id=22617 Commission-linked remuneration under a continuing contract of employment was treated as salary because the employee worked under the employer's control, managed the branch, and the commission formed part of the recompense for services rendered; the amount was therefore not excluded from salary merely because it was described as commission. Interest on borrowed funds used to advance money for construction of house property was not deductible under the business-purpose borrowing provision because the borrowing itself was not shown to be for business use and no business nexus was established on the facts. Both issues were decided against the assessee. en-us Mon, 25 Feb 1991 00:00:00 +0530 Fri, 11 Dec 2009 14:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22617 Commission-linked remuneration under a continuing contract of employment was treated as salary because the employee worked under the employer's control, managed the branch, and the commission formed part of the recompense for services rendered; the amount was therefore not excluded from salary merely because it was described as commission. Interest on borrowed funds used to advance money for construction of house property was not deductible under the business-purpose borrowing provision because the borrowing itself was not shown to be for business use and no business nexus was established on the facts. Both issues were decided against the assessee. Case-Laws Income Tax Mon, 25 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22617