https://www.taxtmi.com/caselaws?id=31808 Compensation and interest received in settlement of a class action claim for denial of employment were treated as a capital receipt because they did not arise from an employer-employee relationship. Section 17(3)(iii) covers amounts received in connection with employment, including before joining or after cessation, but the assessee had never been offered the job, never rendered services, and never entered employment. The settlement was paid for non-appointment, not as remuneration or recompense for services, so it was not taxable as profits in lieu of salary under section 17(3)(iii). en-us Fri, 12 Dec 2008 00:00:00 +0530 Sat, 02 Feb 2013 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31808 Compensation and interest received in settlement of a class action claim for denial of employment were treated as a capital receipt because they did not arise from an employer-employee relationship. Section 17(3)(iii) covers amounts received in connection with employment, including before joining or after cessation, but the assessee had never been offered the job, never rendered services, and never entered employment. The settlement was paid for non-appointment, not as remuneration or recompense for services, so it was not taxable as profits in lieu of salary under section 17(3)(iii). Case-Laws Income Tax Fri, 12 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31808