K. GEORGE THOMAS vs COMMISSIONER OF INCOME-TAX, KERALA

The Supreme Court held that the receipts from abroad received by the appellant, who was assessed under the Income Tax Act, 1961, were not of a casual or non-recurring nature and were assessable as business income under Section 10(3). The Court found that the funds were mixed with the appellant's personal and business activities, thus confirming the High Court's ruling that the amounts constituted taxable income. The appeals were dismissed, affirming the lower courts' decisions.