https://www.taxtmi.com/caselaws?id=772112 ITAT Pune held that ex-gratia compensation received by assessee upon premature termination of employment constituted a capital receipt exempt from tax, not "profits in lieu of salary" taxable under section 17(3)(i). The Tribunal found the payment was voluntary without any employer obligation under service rules, following precedent in similar cases. The CIT(A)/NFAC order was set aside, directing the Assessing Officer to delete the addition. Assessee's appeal was allowed. en-us Thu, 22 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 11:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772112 ITAT Pune held that ex-gratia compensation received by assessee upon premature termination of employment constituted a capital receipt exempt from tax, not "profits in lieu of salary" taxable under section 17(3)(i). The Tribunal found the payment was voluntary without any employer obligation under service rules, following precedent in similar cases. The CIT(A)/NFAC order was set aside, directing the Assessing Officer to delete the addition. Assessee's appeal was allowed. Case-Laws Income Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772112