Profits in lieu of salary - The employer, voluntarily at its ...

Income Tax

November 1, 2015

Profits in lieu of salary - The employer, voluntarily at its discretion, agreed to pay the amount in question to the assessee with a view to bring an end to the litigation. There was no obligation cast upon the employer to make such payment and, therefore, the same would not take the colour of compensation as envisaged under section 17(3)(i) - HC

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Profits in lieu of salary - The employer, voluntarily at its ...

Income Tax

November 1, 2015

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