Pune ITAT has ruled that a ₹65.21 lakh payment received under a voluntary retirement scheme was a non-taxable capital receipt and not taxable salary or income from other sources. The tribunal also held that an incorrect claim in the ITR cannot override the true legal nature of the receipt.
Reported VRS payment as salary in ITR? Pune ITAT grants tax relief in ₹65.21 lakh case
livemint.com - 21 Jul 2026 09:22
Pune ITAT has ruled that a ₹65.21 lakh payment received under a voluntary retirement scheme was a non-taxable capital receipt and not taxable salary or income from other sources. The tribunal also held that an incorrect claim in the ITR cannot override the true legal nature of the receipt.
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