https://www.taxtmi.com/caselaws?id=461427 The ITAT Pune held that ex-gratia payment received by the assessee from Pfizer was capital in nature and therefore not taxable. Following the precedent established in Ashok Raghunathrao Kulkarni case, the tribunal directed deletion of the tax assessment on this amount. The assessee's appeal was allowed, confirming that such ex-gratia receipts do not constitute taxable income under the Income Tax Act. en-us Tue, 17 Sep 2024 00:00:00 +0530 Mon, 07 Apr 2025 08:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461427 The ITAT Pune held that ex-gratia payment received by the assessee from Pfizer was capital in nature and therefore not taxable. Following the precedent established in Ashok Raghunathrao Kulkarni case, the tribunal directed deletion of the tax assessment on this amount. The assessee's appeal was allowed, confirming that such ex-gratia receipts do not constitute taxable income under the Income Tax Act. Case-Laws Income Tax Tue, 17 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461427