https://www.taxtmi.com/caselaws?id=24037 A voluntary receipt is not taxable as income where it is given in appreciation of a person's personal qualities and not as consideration for services rendered. The Karnataka HC held that the car presented to the assessee by admirers from his constituency had no causal link with any identified service, remuneration, or quid pro quo connected with profession or political activity. It was a token of esteem and a personal gift, not income under the Income-tax Act, 1961. Accordingly, the value of the car was not assessable as the assessee's income. en-us Fri, 31 Mar 1989 00:00:00 +0530 Sat, 16 Jan 2010 11:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24037 A voluntary receipt is not taxable as income where it is given in appreciation of a person's personal qualities and not as consideration for services rendered. The Karnataka HC held that the car presented to the assessee by admirers from his constituency had no causal link with any identified service, remuneration, or quid pro quo connected with profession or political activity. It was a token of esteem and a personal gift, not income under the Income-tax Act, 1961. Accordingly, the value of the car was not assessable as the assessee's income. Case-Laws Income Tax Fri, 31 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24037