Will ex-gratia payment be considered as 'bonus', 'salary' or 'incentive' under the Income Tax Act?


Quick Summary
This Income Tax Appellate Tribunal case clarifies the tax treatment of ex-gratia payments and bonuses. The tribunal considered whether these payments should be classified as 'bonus', 'salary', or 'incentive' under the Income Tax Act. The case also addressed issues related to the disallowance of such payments when not credited or paid before the due date of filing the tax return, and the acceptance of additional evidence during appellate proceedings.

Court :
ITAT Delhi

Brief :
This appeal is filed by the ld DCIT, Circle-1, Moradabad [ Ld AO] for Assessment Year 2012-13 against the order of the Pr. CIT, OSD (Appeals) [ ld CIT (A)] dated 09/06/2015 wherein the appeal filed by the assessee against the order passed by the ld DCIT, Circle-1, Moradabad dated 12/09/2014 u/s 143 of the Income Tax Act [ The Act] determined total income of the assessee at Rs. 2,20,03,610/- against the return income of Rs. 52,24,880/- was partly allowed.

Citation :
ITA No. 5234/Del/2015

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