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Issue of taxability of ex-gratia payment to be decided based on identical judgement: Matter remanded
Case Law Details
- Case Name
- Suhas Jagannath Kanase Vs ITO (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
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Suhas Jagannath Kanase Vs ITO (ITAT Pune)
ITAT Pune held that issue of taxability of ex-gratia payment to be decided based on identical judgement as decided by coordinate bench of Tribunal in Mahadev Vasant Dhangekar. Accordingly, matter remanded back.
Facts- The case of the assessee was selected for scrutiny assessment. In response to statutory notices, it was submitted by the assessee that he resigned in financial year 2017-18 and the company paid him voluntarily ex-gratia of Rs.42,15,561/- which is not taxable. After considering this reply and not being satisfied with the ...
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