https://www.taxtmi.com/caselaws?id=274101 The High Court upheld the deletion of Rs. 75 crores by the CIT(A) and ITAT, emphasizing that the amount comprised ex-gratia payments and Pension Trust Fund liability towards VRS pay-out. The court found no substantial question of law regarding the treatment of grants received by the assessee, leading to the dismissal of the appeal. The judgment stressed the importance of correctly interpreting the facts and applicable schemes in determining tax implications for voluntary retirement grants, supporting the decisions of the lower authorities. en-us Fri, 24 Mar 2017 00:00:00 +0530 Sun, 29 Jul 2018 11:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274101 The High Court upheld the deletion of Rs. 75 crores by the CIT(A) and ITAT, emphasizing that the amount comprised ex-gratia payments and Pension Trust Fund liability towards VRS pay-out. The court found no substantial question of law regarding the treatment of grants received by the assessee, leading to the dismissal of the appeal. The judgment stressed the importance of correctly interpreting the facts and applicable schemes in determining tax implications for voluntary retirement grants, supporting the decisions of the lower authorities. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274101