https://www.taxtmi.com/caselaws?id=39088 A voluntary payment is taxable when its true character is remuneration or brokerage for services rendered, not a purely personal gift. Applying section 4(3)(vii) of the Indian Income-tax Act, 1922, the receipt was found to arise from assistance in securing conversion of the Maharaja's deposit into investment and to be calculated as brokerage, so it was not a casual, non-recurring receipt outside tax. On that basis, the sum was taxable in the hands of Col. Keshri Singh. The same amount was not assessable as the firm's income because it belonged personally to him and was not earned by the firm as such. en-us Tue, 07 May 1974 00:00:00 +0530 Mon, 12 Apr 2010 14:18:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39088 A voluntary payment is taxable when its true character is remuneration or brokerage for services rendered, not a purely personal gift. Applying section 4(3)(vii) of the Indian Income-tax Act, 1922, the receipt was found to arise from assistance in securing conversion of the Maharaja's deposit into investment and to be calculated as brokerage, so it was not a casual, non-recurring receipt outside tax. On that basis, the sum was taxable in the hands of Col. Keshri Singh. The same amount was not assessable as the firm's income because it belonged personally to him and was not earned by the firm as such. Case-Laws Income Tax Tue, 07 May 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39088