https://www.taxtmi.com/highlights?id=84538 ITAT held that severance fee received by assessee under Compulsory Retirement Scheme on voluntary retirement was taxable as "profit in lieu of salary" u/s 17(3)(i), being compensation received at termination of employment. CIT(A) order concluding receipt as income under head "Salaries" was upheld, no infirmity found. en-us Fri, 03 Jan 2025 08:45:47 +0530 Fri, 03 Jan 2025 08:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84538 ITAT held that severance fee received by assessee under Compulsory Retirement Scheme on voluntary retirement was taxable as "profit in lieu of salary" u/s 17(3)(i), being compensation received at termination of employment. CIT(A) order concluding receipt as income under head "Salaries" was upheld, no infirmity found. Highlights Income Tax Fri, 03 Jan 2025 08:45:47 +0530 https://www.taxtmi.com/highlights?id=84538