Meaning of “Amount received”

Case Name : Sail dsp vr employees association 1998 Vs. Union of india 

Citation : [2003] 128 taxman 704/262 ITR 638 (cal.)

Court : Kolkata high court

Section : 10(10c)

Meaning : The expression ‘amount received’ even if interpreted literally or grammatically, would be something other than the terminal benefits inasmuch as terminal benefits are otherwise payable on cessation of employment under the provisions of statute

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