https://www.taxtmi.com/caselaws?id=27809 The High Court held that the amount received by the assessee out of the privy purse was not to be considered as income for the assessment year 1969-70. The Court found that the payment was intended to cover expenses of the Rajasaheb and his family, and was not subject to increase or decrease. The Tribunal's decision to treat the amount as income liable to tax was deemed erroneous, and the Court ruled in favor of the assessee, directing the Revenue to pay the costs of the reference to the assessee. en-us Thu, 01 Sep 1983 00:00:00 +0530 Tue, 16 Feb 2010 11:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27809 The High Court held that the amount received by the assessee out of the privy purse was not to be considered as income for the assessment year 1969-70. The Court found that the payment was intended to cover expenses of the Rajasaheb and his family, and was not subject to increase or decrease. The Tribunal's decision to treat the amount as income liable to tax was deemed erroneous, and the Court ruled in favor of the assessee, directing the Revenue to pay the costs of the reference to the assessee. Case-Laws Income Tax Thu, 01 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27809