Lump-sum amount received in case of voluntary nature would not be liable to tax:
The Assessee received a lump sum after termination from service and a certain amount for purchasing a new car.
The assessing officer treated the amount received by assessee as compensation amount as part of salary and money received for purchase as perquisites.
The commissioner (appeals) held that the receipt of the amount due to the out of court settlement as well as the value of the perquisite was to be deleted.
If the compensation was voluntary and there was no obligation on the employer to pay additional amount to claimant in accordance with any service rule, it would not constitute compensation in accordance with section 17(3)(I).
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