Termination of Employment due to Misconduct is not beyond the control of Assessee: ITAT refuses Exemption u/s 10(38) to Employee

By Yogitha S. Yogesh - On April 9, 2023 7:00 pm - 2 mins read
Termination of Employment - Misconduct - control of Assessee- ITAT- Exemption us 10(38) to Employee - Taxscan

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that termination of employment due to misconduct is not beyond the control of assesses and refused to allow an exemption under section 10 (38) to the employee-assessee. Vineet Sethi, the assessee challenged the order of NFAC dated 10.1.2023 for the assessment year 2017-18….

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