https://www.taxtmi.com/caselaws?id=461458 The ITAT Pune ruled in favor of the assessee regarding relief under section 89 for compensation on termination of employment. The compensation was treated as capital receipts for affected employees based on their remaining service period. The assessee had submitted Form 10E showing section 89 relief calculations. Following the precedent in Ashok Raghunathrao Kulkarni case, the Tribunal set aside the CIT(A)/NFAC order and directed the AO to delete the contested addition, deciding in favor of the assessee. en-us Tue, 28 Jan 2025 00:00:00 +0530 Mon, 07 Apr 2025 19:01:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461458 The ITAT Pune ruled in favor of the assessee regarding relief under section 89 for compensation on termination of employment. The compensation was treated as capital receipts for affected employees based on their remaining service period. The assessee had submitted Form 10E showing section 89 relief calculations. Following the precedent in Ashok Raghunathrao Kulkarni case, the Tribunal set aside the CIT(A)/NFAC order and directed the AO to delete the contested addition, deciding in favor of the assessee. Case-Laws Income Tax Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461458