One-time compensation treated as advance salary, relief u/s 89 available

Suryaji Shriram Patekar Vs ACIT (ITAT Mumbai)

Held that employee is eligible for relief u/s 89 on one-time lumpsum ex-gratia amounts payable by the employer as such compensation received is treated as salary received in advance.

Facts- The assessee e-filed his ROI on 30/07/2017 declaring a total income of Rs.58,37,970/-. Subsequently, the assessee filed revised ROI on 22/05/2018 declaring total income of Rs.58,59,880/-. The return was processed u/s 143(1) and thereafter the case was selected for scrut

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