https://www.taxtmi.com/caselaws?id=356600 Compensation received on cessation of employment may qualify as retrenchment compensation under section 10(10B) where the real nature of the settlement shows termination-linked payment after an industrial dispute, rather than mere reliance on its label. On the stated facts, the payment was treated as compensation connected with cessation of service and therefore eligible in principle for exemption. However, the statutory ceiling for exemption, including the computation under section 25F of the Industrial Disputes Act, 1947, had not been verified, so the matter was remitted to the Assessing Officer for limited examination of the exempt quantum. en-us Thu, 01 Mar 2018 00:00:00 +0530 Thu, 08 Mar 2018 07:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356600 Compensation received on cessation of employment may qualify as retrenchment compensation under section 10(10B) where the real nature of the settlement shows termination-linked payment after an industrial dispute, rather than mere reliance on its label. On the stated facts, the payment was treated as compensation connected with cessation of service and therefore eligible in principle for exemption. However, the statutory ceiling for exemption, including the computation under section 25F of the Industrial Disputes Act, 1947, had not been verified, so the matter was remitted to the Assessing Officer for limited examination of the exempt quantum. Case-Laws Income Tax Thu, 01 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356600