https://www.taxtmi.com/caselaws?id=192600 A termination payment under a service agreement was treated as taxable salary because it was payable on cessation of employment for any cause, including with consent or on death, and was described as compensation for cessation of service rather than loss of employment. The payment was regarded as a terminal benefit for past services, falling within section 7(1) and outside the exception for sums paid solely as compensation for loss of employment. The employer's payment of tax on the amount also formed part of the taxable receipt, as it conferred an additional benefit on the employee. en-us Thu, 22 Nov 1951 00:00:00 +0530 Wed, 07 Jun 2017 15:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192600 A termination payment under a service agreement was treated as taxable salary because it was payable on cessation of employment for any cause, including with consent or on death, and was described as compensation for cessation of service rather than loss of employment. The payment was regarded as a terminal benefit for past services, falling within section 7(1) and outside the exception for sums paid solely as compensation for loss of employment. The employer's payment of tax on the amount also formed part of the taxable receipt, as it conferred an additional benefit on the employee. Case-Laws Income Tax Thu, 22 Nov 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192600