Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (7) TMI 1265 - ITAT KOLKATACompensation for giving up right to receive pension - nature of receipt - assessee had to surrender his right to receive pension on account of the partners of the erstwhile Arther Anderson joining S.R. Batliboi & Co - Held that:- The ratio decided by the Hon’ble Delhi High Court in the case of Khanna and Annadhanam [2013 (1) TMI 681 - DELHI HIGH COURT] applies in all force, thus respectfully following it, the Assessing Officer is directed to treat the lump sum received by the assessee on giving up the right the receipt of retirement benefit as capital receipt in the hands of the assessee.
|