https://www.taxtmi.com/caselaws?id=792963 Compensation received under a voluntary retirement scheme was treated as a capital receipt and not taxable as profits in lieu of salary under section 17(3)(i) because it was a voluntary ex gratia payment on cessation of employment, without any enforceable legal obligation on the employer. Applying the coordinate bench decisions relied upon, the addition could not be sustained and was deleted, with relief granted to the assessee. en-us Fri, 15 May 2026 00:00:00 +0530 Fri, 05 Jun 2026 15:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792963 Compensation received under a voluntary retirement scheme was treated as a capital receipt and not taxable as profits in lieu of salary under section 17(3)(i) because it was a voluntary ex gratia payment on cessation of employment, without any enforceable legal obligation on the employer. Applying the coordinate bench decisions relied upon, the addition could not be sustained and was deleted, with relief granted to the assessee. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792963