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ECONOMICTIMES.INDIATIMES.COM · GLOBAL ·

Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this ground

As reported by economictimes.indiatimes.com
ITAT Chennai order and discussion Consequently, the additions made by taxing the ex-gratia compensation are directed to be deleted. The AO is also directed to...
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ITAT Chennai has granted full relief to a senior citizen who mistakenly paid tax on tax-free Voluntary Retirement Scheme (VRS) compensation. The tribunal directed the deletion of additions made by taxing the ex-gratia compensation, marking an important decision for similar…

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