Supreme Court: Imminent Death Not Required For a Statement to Qualify as Dying Declaration  ||  SC: HC Cannot Grant Pre-Arrest Bail Without Quashing FIR; Accused Must Approach Sessions Court First  ||  SC: Agreed Interest Rate Cannot Be Challenged as Exorbitant; Arbitrator Cannot Override Contract  ||  SC: Agreed Interest Rate Cannot Be Challenged as Exorbitant; Arbitrator Cannot Override Contract  ||  SC: GST Exemption on Residential Lease Applies When Building is Sub-Leased for Hostel/PG Use  ||  Rajasthan High Court: Universities Cannot Retain Students’ Original Documents for Pending Fees  ||  NCLT: Damages from Contractual Disputes Cannot Form Basis for Initiating Insolvency Proceedings  ||  Del HC: Pre-SCN Consultation is Unnecessary in Large-Scale GST Fraud Cases with Complex Transactions  ||  Calcutta HC: Unilaterally Appointed Arbitrator Violates Natural Justice and Sets Aside the Award  ||  Raj HC Upholds Padmesh Mishra’s AAG Appointment, Noting Advocacy Skill isn’t Tied to Experience    

Madras High Court Says ‘No Tax’ on VRS For Staffs of Sick PSU - (27 Mar 2017)

Madras High Court has said Voluntary Retirement Scheme (VRS) package, equal to salary for 72 months, paid to willing employees of Hindustan Photo Film (HPF) Manufacturing Company Limited in Ooty is in nature of compensation and no income tax should be deducted.

Tags : MADRAS HIGH COURT   VOLUNTARY RETIREMENT SCHEME  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved