Taxation on Compensation received

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ITAT holds that , assessee having been sexually harassed by the employees of M/s Cocoa Cola ltd, the Rs 95 lakhs received as compensation for repudiatory breach of contract, is not a benefit or perquisite arising out out of exercise of profession/business, and hence not taxable either u/s 2(24) or 28. But the other Rs. 50 lacs received under the contract as is taxable.

TS-665- ITAT(MUMBAI)

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