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Income Tax - Highlights / Catch Notes

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Income u/s 2(24) / Exemption u/s 10(24) - receipt by the trade ...


ITAT Rules Trade Union Settlement Receipts Not Taxable, Exempt Under Income Tax Act Sections 2(24) and 10(24.

January 11, 2020

Case Laws     Income Tax     HC

Income u/s 2(24) / Exemption u/s 10(24) - receipt by the trade Union for settlement on behalf of member worker - ITAT in the present case wrongly rejected the ratio of the decision of the ITAT in an Identical case - Additions deleted.

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