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Receipt of Arrears by lawyer who stopped his practice on being elevated as judge not taxable
Case Law Details
- Case Name
- ITO Vs. Justice Rajiv Shakdher (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009- 10
- Courts
- All ITAT, ITAT Delhi
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Issue- In the facts and circumstances of the case, the Ld. CIT(A) erred in deleting the addition made by AO on account of arrear of professional fees of Rs. 67,86,669/- received by the assessee after he had discontinued his legal profession not appreciating the fact that the Hon’ble Supreme Court in the case of Nalinikant Ambalal Modi Vs. SAL Narayan Rao (61 ITR 428) had decided the appeal in favor of the assessee as per the earlier Income-tax Act, 1922 in which specific provision for taxation of such receipt was not available unlike provision of section 176(4) of Inc...
