https://www.taxtmi.com/caselaws?id=69118 The appellate tribunal upheld the taxability of an ex gratia payment received by a retired employee, ruling it as profit in lieu of salary under section 17(3)(ii) of the Income-tax Act, 1961. Despite the assessee's claim that the payment was a gift or non-taxable, the tribunal found no evidence to support this assertion. It determined that the payment, not meeting the criteria of being casual or non-recurring, was taxable due to being for past services rendered, as affirmed by the Appellate Assistant Commissioner. The tribunal dismissed the appeal, affirming the tax treatment of the ex gratia payment. en-us Mon, 14 Jun 1982 00:00:00 +0530 Tue, 05 Apr 2011 12:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69118 The appellate tribunal upheld the taxability of an ex gratia payment received by a retired employee, ruling it as profit in lieu of salary under section 17(3)(ii) of the Income-tax Act, 1961. Despite the assessee's claim that the payment was a gift or non-taxable, the tribunal found no evidence to support this assertion. It determined that the payment, not meeting the criteria of being casual or non-recurring, was taxable due to being for past services rendered, as affirmed by the Appellate Assistant Commissioner. The tribunal dismissed the appeal, affirming the tax treatment of the ex gratia payment. Case-Laws Income Tax Mon, 14 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69118