https://www.taxtmi.com/caselaws?id=341995 Where an employer recovers notice pay from salary before payment, only the net amount actually received constitutes taxable salary income under the real income principle, and the addition on that component was deleted. For interest claimed as exempt from Employees Provident Fund, the assessee failed to produce supporting evidence to establish exemption, so the addition was sustained. The appeal therefore succeeded only on the notice pay issue, while the provident fund interest adjustment remained undisturbed. en-us Tue, 18 Apr 2017 00:00:00 +0530 Sat, 22 Apr 2017 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341995 Where an employer recovers notice pay from salary before payment, only the net amount actually received constitutes taxable salary income under the real income principle, and the addition on that component was deleted. For interest claimed as exempt from Employees Provident Fund, the assessee failed to produce supporting evidence to establish exemption, so the addition was sustained. The appeal therefore succeeded only on the notice pay issue, while the provident fund interest adjustment remained undisturbed. Case-Laws Income Tax Tue, 18 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341995