https://www.taxtmi.com/caselaws?id=794513 A payment received under a genuine voluntary retirement scheme was held to be a capital receipt, not taxable as income from other sources under section 56(2)(xi), because the cessation of employment was characterised as resignation and not employer-driven termination. The Tribunal treated the provision as applying only to compensation or other payment connected with termination of employment, and found that voluntary retirement falls outside that charging ambit. It also relied on earlier co-ordinate bench rulings in identical employee matters and the principle of consistency to reach the same tax treatment. The addition was deleted. en-us Mon, 08 Jun 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794513 A payment received under a genuine voluntary retirement scheme was held to be a capital receipt, not taxable as income from other sources under section 56(2)(xi), because the cessation of employment was characterised as resignation and not employer-driven termination. The Tribunal treated the provision as applying only to compensation or other payment connected with termination of employment, and found that voluntary retirement falls outside that charging ambit. It also relied on earlier co-ordinate bench rulings in identical employee matters and the principle of consistency to reach the same tax treatment. The addition was deleted. Case-Laws Income Tax Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794513