Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Hardship allowances Received From Housing Developers to Compensate Dispossession are Non Taxable: ITAT
Auditing and AssuranceIncome Tax
The ITAT ruled that hardship allowances received from housing developers as compensation for dispossession are non-taxable. This decision clarifies that such allowances do not constitute taxable income, providing relief to taxpayers. The ruling emphasizes the distinction between compensatory allowances and taxable income, impacting the tax treatment of similar allowances.
