Issue of taxability of ex-gratia payment to be decided based on identical judgement: Matter remanded

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 same, the Assessi...