https://www.taxtmi.com/caselaws?id=49554 Emoluments paid to a treasurer were treated as salary because the agreement showed control, supervision, dismissal power, and integration into the bank's work; unusual clauses on staff responsibility and indemnity did not convert the arrangement into an independent business undertaking. The emoluments were therefore taxable as salary, not as profits and gains of business. The same salary was held to be the treasurer's individual income because there was no material showing family expenditure, special training at family cost, or real detriment to the family estate; mere furnishing of joint family property as security was insufficient. The appeal succeeded and the salary was assessed only in the treasurer's hands. en-us Tue, 26 Apr 1960 00:00:00 +0530 Wed, 03 Sep 2014 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49554 Emoluments paid to a treasurer were treated as salary because the agreement showed control, supervision, dismissal power, and integration into the bank's work; unusual clauses on staff responsibility and indemnity did not convert the arrangement into an independent business undertaking. The emoluments were therefore taxable as salary, not as profits and gains of business. The same salary was held to be the treasurer's individual income because there was no material showing family expenditure, special training at family cost, or real detriment to the family estate; mere furnishing of joint family property as security was insufficient. The appeal succeeded and the salary was assessed only in the treasurer's hands. Case-Laws Income Tax Tue, 26 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49554