https://www.taxtmi.com/caselaws?id=59013 The case involved the taxability of compensation received on retirement under a voluntary retirement scheme from I.B.M. World Trade Corporation. The Income Tax Appellate Tribunal ruled that only the amount related to the first instalment was taxable in the assessment year, as the compensation for subsequent instalments did not accrue to the assessee in that year. The Tribunal emphasized that this conclusion was factual and did not raise any legal question for reference. The Reference Application filed by the CIT was dismissed, affirming the Tribunal's decision on the taxability of retirement compensation in different instalments. en-us Mon, 24 May 1982 00:00:00 +0530 Thu, 23 Dec 2010 15:48:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59013 The case involved the taxability of compensation received on retirement under a voluntary retirement scheme from I.B.M. World Trade Corporation. The Income Tax Appellate Tribunal ruled that only the amount related to the first instalment was taxable in the assessment year, as the compensation for subsequent instalments did not accrue to the assessee in that year. The Tribunal emphasized that this conclusion was factual and did not raise any legal question for reference. The Reference Application filed by the CIT was dismissed, affirming the Tribunal's decision on the taxability of retirement compensation in different instalments. Case-Laws Income Tax Mon, 24 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59013