https://www.taxtmi.com/caselaws?id=291495 Commission received by a court-appointed official liquidator was treated as remuneration for holding office, not as professional earnings merely because the liquidator was also a lawyer. The Court held that such commission fell within the head of salary under Section 7 of the Income-tax Act, 1922, since the liquidator was an office-holder appointed under the Companies Act and paid remuneration as directed by the Court. Income could not be assessed under professional earnings or other sources on these facts, and Section 60(2) relief was therefore available. en-us Thu, 03 Jun 1943 00:00:00 +0630 Thu, 12 Nov 2020 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291495 Commission received by a court-appointed official liquidator was treated as remuneration for holding office, not as professional earnings merely because the liquidator was also a lawyer. The Court held that such commission fell within the head of salary under Section 7 of the Income-tax Act, 1922, since the liquidator was an office-holder appointed under the Companies Act and paid remuneration as directed by the Court. Income could not be assessed under professional earnings or other sources on these facts, and Section 60(2) relief was therefore available. Case-Laws Income Tax Thu, 03 Jun 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=291495