This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Compensation from former employer for not carrying on business is not profits in lieu of salary
Case Law Details
- Case Name
- The Commissioner of Income Tax Vs A K Khosla (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
1. Whether the Tribunal was right in law in holding that the sum of Rs. 22 lakhs paid by the employer to the assessee is not profits in lieu of salary?
2. Whether the Tribunal was right in holding that the sum of Rs. 22 lakhs paid by the employer to the assessee would not fall under Section 17(3)(i) of the Income Tax Act?
3. Whether the definition of the profits in lieu of salary given under Section 17(3) is an exhaustive definition or only illustrative?
4. Whether Section 17(3)(iii) is an explanation which would have retrospective effect or not?
5. Whether any lump sum amount received from th...
