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![Amount Paid as Retrenchment Compensation is allowable Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Retrenchment-Compensation-Taxscan.jpg "Amount Paid as Retrenchment Compensation is allowable Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
Amount Paid as Retrenchment Compensation is allowable Deduction u/s 37 of Income Tax Act: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) in ACIT vs. M/s. Lumax Automotive held that amount paid by assessee on account of...
![Receipt from Employer for settling Industrial Dispute Eligible for Exemption as Retrenchment Compensation u/s 10(10B): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Compensation-Taxscan.jpg "Receipt from Employer for settling Industrial Dispute Eligible for Exemption as Retrenchment Compensation u/s 10(10B): ITAT [Read Order]")