efiletax
June 15, 2025 at 02:15 PM
🚫NOT TAXABLE!
Air India’s ₹25L interim + ₹1Cr compensation to kin of deceased = ex-gratia, not income.
👉 CBDT Circular 573 ✅
👉 Compensation ≠ taxable u/s 17
👉 Supported by case laws & HC views.
#incometax #compensation #airindia