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Section 10(10B) Exemption Allowed on BSNL VRS Compensation: ITAT Ahmedabad
Case Law Details
- Case Name
- Pravinkumar Ramjibhai Patel Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Ahmedabad
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Pravinkumar Ramjibhai Patel Vs ITO (ITAT Ahmedabad)
Ahmedabad ITAT Allows Full Exemption U/s 10(10B) on BSNL VRS Compensation, Rejects ‘Workman’ Restriction
The Ahmedabad ITAT allowed three appeals relating to Assessment Years 2020-21 and 2021-22, holding that the assessees were entitled to exemption under Section 10(10B) of the Income-tax Act on the entire amount of retrenchment compensation received under the BSNL VRS-2019 scheme, though described as VRS compensation, along with leave encashment, if any. The assessees had offered the compensation to tax in their ...
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