https://www.taxtmi.com/caselaws?id=49581 The court upheld the High Court's decision, ruling that the income received by the appellant, acting as a managing agent for two mills, should be considered income derived from business, not salary. The court determined that the appellant was engaged in a business undertaking based on the nature of the relationship and the delegation of powers, rejecting the argument that the appellant was an employee. The appeals were dismissed, and costs were awarded against the appellants, emphasizing the importance of interpreting agreements to distinguish between business activities and employment relationships for taxation purposes. en-us Mon, 18 Apr 1960 00:00:00 +0530 Wed, 16 Nov 2022 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49581 The court upheld the High Court's decision, ruling that the income received by the appellant, acting as a managing agent for two mills, should be considered income derived from business, not salary. The court determined that the appellant was engaged in a business undertaking based on the nature of the relationship and the delegation of powers, rejecting the argument that the appellant was an employee. The appeals were dismissed, and costs were awarded against the appellants, emphasizing the importance of interpreting agreements to distinguish between business activities and employment relationships for taxation purposes. Case-Laws Income Tax Mon, 18 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49581