https://www.taxtmi.com/caselaws?id=38232 Rebate under the 1922 income-tax notifications was unavailable because the essential condition was that the relevant receipt must be salary, bonus, commission, or other remuneration for services rendered to the company in its business. The final factual findings showed that the managing agency had been terminated and that the payment was not genuine compensation for services, but arose from a collusive transaction based on extra-commercial reasons. As no services were rendered in the relevant year, the receipt did not qualify for the notified rebate and the claim failed in favour of the Revenue. en-us Tue, 24 Jan 1978 00:00:00 +0530 Mon, 05 Apr 2010 11:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38232 Rebate under the 1922 income-tax notifications was unavailable because the essential condition was that the relevant receipt must be salary, bonus, commission, or other remuneration for services rendered to the company in its business. The final factual findings showed that the managing agency had been terminated and that the payment was not genuine compensation for services, but arose from a collusive transaction based on extra-commercial reasons. As no services were rendered in the relevant year, the receipt did not qualify for the notified rebate and the claim failed in favour of the Revenue. Case-Laws Income Tax Tue, 24 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38232