https://www.taxtmi.com/caselaws?id=290038 The court determined that the shares transferred were not taxable as they were considered a personal gift rather than remuneration for services rendered. The majority of the judges concluded that the shares did not constitute taxable income, emphasizing the distinction between remuneration and personal gifts. Consequently, the appeals were allowed, and the decision of the special commissioners was restored. en-us Thu, 11 Apr 1957 00:00:00 +0530 Sat, 05 Sep 2020 14:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290038 The court determined that the shares transferred were not taxable as they were considered a personal gift rather than remuneration for services rendered. The majority of the judges concluded that the shares did not constitute taxable income, emphasizing the distinction between remuneration and personal gifts. Consequently, the appeals were allowed, and the decision of the special commissioners was restored. Case-Laws Income Tax Thu, 11 Apr 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290038