https://www.taxtmi.com/caselaws?id=768486 ITAT Pune held that compensation received by an assessee upon employment termination constitutes a capital receipt and is not taxable under section 17(3). Following precedents in Prasad Vijaykumar Kulkarni and Atul Shashikant Garbhe cases, the Tribunal ruled that ex-gratia payments are capital in nature and cannot be included in taxable income. The assessee's appeal was allowed. en-us Thu, 03 Apr 2025 00:00:00 +0530 Tue, 08 Apr 2025 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768486 ITAT Pune held that compensation received by an assessee upon employment termination constitutes a capital receipt and is not taxable under section 17(3). Following precedents in Prasad Vijaykumar Kulkarni and Atul Shashikant Garbhe cases, the Tribunal ruled that ex-gratia payments are capital in nature and cannot be included in taxable income. The assessee's appeal was allowed. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768486