TaxTMI 
TaxTMI 
1934 (6) TMI 35
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....rsers, and afterwards had been taken into the employment of Messrs. Bulloch Bros. & Co., Ltd. This company among other business acted as an agent in Rangoon for the British India Steam Navigation Co. Now, Lord Inchcape, like his father before him, was interested in the affairs of the British India Steam Navigation Co., and the late Lord Inchcape was also a shareholder in Messrs. Bulloch Bros. & Co., Ltd. It further appears that there was an understanding between certain employees of Messrs. Bulloch Bros. & Co., Ltd. including the assessee and the company that upon the termination of their engagement each of such employees would receive from the company a gratuity if their services had been satisfactory. According to the case that has been ....
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....t it falls within Section 6(vi) and Section 12 of the Act as being income derived from "other sources." The Assistant Commissioner conceded that the sum in question was not chargeable under the head "salaries" in Section 7(1) because it was "not paid by an employer" and it is not pretended or contended that when he made this payment to the assessee, Lord Inchcape was acting or purporting to act as the agent of Messrs. Bulloch Bros. & Co. (In re The Commissioner of Income-tax, Burma v. Bombay Burma Trading Corporation. [1933] ILR 11 Rang. 172) In my opinion it is manifest also that this sum of ₹ 7,822 was not income of the assessee derived from "other sources" within Section 6(vi) . In Commissio....