https://www.taxtmi.com/highlights?id=24820 Income as profits in lieu of salary - this was a case where there was no commencement of the employment and that the offer by ACEE to the Assessee was withdrawn even prior to the commencement of such employment. The amount received by the Assessee was a capital receipt and could not be taxed under the head 'profits in lieu of salary' - HC en-us Sat, 19 Sep 2015 08:06:41 +0530 Sat, 19 Sep 2015 08:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24820 Income as profits in lieu of salary - this was a case where there was no commencement of the employment and that the offer by ACEE to the Assessee was withdrawn even prior to the commencement of such employment. The amount received by the Assessee was a capital receipt and could not be taxed under the head 'profits in lieu of salary' - HC Highlights Income Tax Sat, 19 Sep 2015 08:06:41 +0530 https://www.taxtmi.com/highlights?id=24820