https://www.taxtmi.com/caselaws?id=18951 The court held that the ex gratia payment of Rs. 10,500 made to the assessee by the employer was taxable under section 17(3)(ii) of the Income-tax Act as compensation for loss of employment. The court rejected the argument that it was a personal gift, concluding that it was payment for past services. The Tribunal's decision to tax the amount was upheld, ruling in favor of the Revenue and against the assessee. en-us Mon, 13 Mar 1995 00:00:00 +0530 Tue, 03 Nov 2009 10:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18951 The court held that the ex gratia payment of Rs. 10,500 made to the assessee by the employer was taxable under section 17(3)(ii) of the Income-tax Act as compensation for loss of employment. The court rejected the argument that it was a personal gift, concluding that it was payment for past services. The Tribunal's decision to tax the amount was upheld, ruling in favor of the Revenue and against the assessee. Case-Laws Income Tax Mon, 13 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18951