https://www.taxtmi.com/caselaws?id=65910 Compensation for termination of employment is exempt under section 10(10B) only where it is retrenchment compensation received by a workman within the meaning of the Industrial Disputes Act, 1947. A company secretary and chief executive who was in charge of the company was not treated as a workman merely because some clerical work was also performed. The payment therefore fell within profits in lieu of salary under section 17(3) rather than the exemption provision, and the exemption under section 10(10B) was not available. en-us Wed, 04 Dec 1985 00:00:00 +0530 Sat, 19 Feb 2011 12:17:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65910 Compensation for termination of employment is exempt under section 10(10B) only where it is retrenchment compensation received by a workman within the meaning of the Industrial Disputes Act, 1947. A company secretary and chief executive who was in charge of the company was not treated as a workman merely because some clerical work was also performed. The payment therefore fell within profits in lieu of salary under section 17(3) rather than the exemption provision, and the exemption under section 10(10B) was not available. Case-Laws Income Tax Wed, 04 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65910