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BSNL VRS Compensation Exempt Under Section 10(10B): ITAT Pune
Case Law Details
- Case Name
- Prathibha Jgadish Unawane Vs ITO (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
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Prathibha Jgadish Unawane Vs ITO (ITAT Pune)
The appeals involved a common issue for AYs 2020-21 and 2021-22 regarding whether compensation received by BSNL employees under the BSNL Voluntary Retirement Scheme (VRS), 2019 constituted retrenchment compensation exempt under Section 10(10B) of the Income-tax Act, 1961. The assessees had originally offered the compensation to tax after claiming exemption of ₹5 lakh under Section 10(10C), and subsequently, for the first time before the CIT(A), claimed that the entire compensation was exempt under Section 10(10B). In certain cases...
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