ITAT Pune Rules Rs 65.21 Lakh VRS Payout as Capital Receipt
A man employed in Aurangabad opted for voluntary retirement in FY 2018-19 after his employer shut down its Aurangabad plant. He received Rs 65,21,105 under a financial scheme, including ex-gratia, severance pay, early bid and group participation incentives, and notice period payment. ITAT Pune ruled this VRS payout as a capital receipt, not salary.
TOI Business··Aurangabad




