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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Reopening of assessment - addition on repayment of sign on bonus ...


Income Tax Assessment Reopened: No Deduction Allowed for Sign-On Bonus Repayment After Breaching Employment Condition.

May 27, 2016

Case Laws     Income Tax     AT

Reopening of assessment - addition on repayment of sign on bonus back - whether the provision of Act permit deduction were the assessee voluntarily resigned from Barclays Bank and joined Deutsche Bank violating the pre-conditions of employment to stay with Barclays Bank for a period of one year? - Held No - AT

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