https://www.taxtmi.com/caselaws?id=25910 HC analyzed whether Rs. 24,933 received upon employment termination constituted "profits in lieu of salary" under Income-tax Act section 17(3)(i). The Court determined the payment was an ex gratia amount voluntarily made without legal obligation, thus not taxable as compensation. The ruling emphasized that mere connection to employment termination does not automatically make a payment taxable, rejecting the tax department's claim and affirming the payment's non-taxable status. en-us Mon, 06 Jan 1986 00:00:00 +0530 Tue, 03 Jun 2025 14:18:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25910 HC analyzed whether Rs. 24,933 received upon employment termination constituted "profits in lieu of salary" under Income-tax Act section 17(3)(i). The Court determined the payment was an ex gratia amount voluntarily made without legal obligation, thus not taxable as compensation. The ruling emphasized that mere connection to employment termination does not automatically make a payment taxable, rejecting the tax department's claim and affirming the payment's non-taxable status. Case-Laws Income Tax Mon, 06 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25910