https://www.taxtmi.com/caselaws?id=188239 The Tribunal ruled that ex gratia payments received by the assessee were not taxable as compensation but as capital receipts. The payments were deemed voluntary and not linked to the employment contract, acknowledging the assessee's personal qualities. Consequently, the appeal for the assessment year 1990-91 was allowed. In the assessment year 1991-92, the appeal was partly allowed, with the interest levy issue under section 220(2) dismissed as not pressed. en-us Tue, 20 Jun 2000 00:00:00 +0530 Tue, 22 Nov 2016 18:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188239 The Tribunal ruled that ex gratia payments received by the assessee were not taxable as compensation but as capital receipts. The payments were deemed voluntary and not linked to the employment contract, acknowledging the assessee's personal qualities. Consequently, the appeal for the assessment year 1990-91 was allowed. In the assessment year 1991-92, the appeal was partly allowed, with the interest levy issue under section 220(2) dismissed as not pressed. Case-Laws Income Tax Tue, 20 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188239