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![Amount Paid to Ex-employee to Avoid Litigation is not ‘Profit in Lieu of Salary’: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Amount Paid to Ex-employee to Avoid Litigation is not ‘Profit in Lieu of Salary’: ITAT Mumbai [Read Order]")
Amount Paid to Ex-employee to Avoid Litigation is not ‘Profit in Lieu of Salary’: ITAT Mumbai [Read Order]
Recently, in ITO v. Kuwait Airways Corporation, the Income Tax Appellate Tribunal (ITAT), Mumbai bench held that the amount paid to ex-employees under...