https://www.taxtmi.com/caselaws?id=751367 A lump sum received on termination of service was treated as an ex gratia, voluntary settlement with no contractual or statutory obligation on the employer, so it was not taxable as profits in lieu of salary under section 17(3)(i). The related amount received towards purchase of a car was also found unsustainable on the facts accepted by the first appellate authority. Decisions concerning payments made under an existing agreement were distinguished because no such agreement existed here, and the addition was deleted. en-us Fri, 12 Apr 2024 00:00:00 +0530 Sat, 13 Apr 2024 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751367 A lump sum received on termination of service was treated as an ex gratia, voluntary settlement with no contractual or statutory obligation on the employer, so it was not taxable as profits in lieu of salary under section 17(3)(i). The related amount received towards purchase of a car was also found unsustainable on the facts accepted by the first appellate authority. Decisions concerning payments made under an existing agreement were distinguished because no such agreement existed here, and the addition was deleted. Case-Laws Income Tax Fri, 12 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751367