https://www.taxtmi.com/caselaws?id=5435 A payment received from an employer on termination of employment is taxable as salary-related income under Explanation 2 to section 7 of the Indian Income-tax Act, 1922 unless it is shown to be solely compensation for loss of employment and not remuneration for past services. The Court treated surrounding circumstances, including the Vivian Bose Commission report and doubts about the appointment letter, as relevant to characterising the receipt. It also stated that appellate interference with the Settlement Commission is limited to cases where the order is contrary to the Act, and factual findings will not be reappraised. On that basis, a substantial part of the termination payment remained taxable and no interference was warranted. en-us Tue, 14 Sep 1993 00:00:00 +0530 Sat, 13 Dec 2025 08:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5435 A payment received from an employer on termination of employment is taxable as salary-related income under Explanation 2 to section 7 of the Indian Income-tax Act, 1922 unless it is shown to be solely compensation for loss of employment and not remuneration for past services. The Court treated surrounding circumstances, including the Vivian Bose Commission report and doubts about the appointment letter, as relevant to characterising the receipt. It also stated that appellate interference with the Settlement Commission is limited to cases where the order is contrary to the Act, and factual findings will not be reappraised. On that basis, a substantial part of the termination payment remained taxable and no interference was warranted. Case-Laws Income Tax Tue, 14 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5435