https://www.taxtmi.com/caselaws?id=49286 The court concluded that the remuneration received by the assessee as treasurer of the Allahabad Bank Ltd. should be computed under section 10 of the Income-tax Act as the activities constituted a vocation. Additionally, the court held that the assessee was entitled to claim a set-off of the loss suffered in the preceding year 1950-51 against the profits in the year 1951-52. As a result, the appeal was dismissed with costs. en-us Fri, 05 Nov 1965 00:00:00 +0530 Sat, 21 Jan 2017 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49286 The court concluded that the remuneration received by the assessee as treasurer of the Allahabad Bank Ltd. should be computed under section 10 of the Income-tax Act as the activities constituted a vocation. Additionally, the court held that the assessee was entitled to claim a set-off of the loss suffered in the preceding year 1950-51 against the profits in the year 1951-52. As a result, the appeal was dismissed with costs. Case-Laws Income Tax Fri, 05 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49286