Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this ground
· economictimes.indiatimes.com
Retired senior citizen offered Rs 24 lakh VRS retrenchment compensation for tax and paid it due to his legal misunderstanding; ITAT Chennai gives her relief by giving full tax exemption
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...