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1969 (12) TMI 14 - HC - Income TaxSum of Rs. 1,67,345 represents the payment to the assessee in full and final settlement of his claim for damages for wrongful termination of his services - it could not be regarded partly as derived from employment - therefore, held that sum is covered by the 2nd Explanation to section 7(1) of the Act as it stood prior to its amendment by s. 5 of the Finance Act, 1955.
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