Ahmedabad ITAT Grants Full Section 10(10B) Exemption on BSNL VRS Compensation Despite Delayed Claim; Refund Directed

Bharat Dudhabhai Purabiya Vs ITO (ITAT Ahmedabad) Ahmedabad ITAT Grants Full Section 10(10B) Exemption on BSNL VRS Compensation Despite Delayed Claim; Refund Directed The Ahmedabad ITAT partly allowed the appeals of a former BSNL employee for AYs 2020-21 and 2021-22, holding that the compensation received under BSNL VRS-2019 is fully exempt under section 10(10B). The Tribunal directed the Assessing Officer to recompute the assessee’s income and grant the consequential refund, notwithstanding that the exemption had not been claimed in the original return. The Tribunal observed that the as...