Encashment of Leave Salary would be a Profit in Lieu of Salary, Not Taxable under Voluntary Separation Programme: ITAT deletes Income Tax Addition [Read Order]

Amount received for Encashment of leave salary would be a profit in lieu of salary not taxable under voluntary separation programme

By Aiswarya Krishnadas - On June 11, 2024 11:20 am - 3 mins read

ITAT - Income tax - appellate tribunal - Leave salary - Lieu of salary - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 13 lakhs, ruling that the encashment of leave salary constitutes profit in lieu of salary and is not taxable under the Voluntary Separation Programme. This appeal stated that AO added an amount of Rs. 2, 00, 00,000/- received…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?

Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1599 + GST for 1 year

Subscribe Now

Topics