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

Case Law Details

Case Name
Bharat Dudhabhai Purabiya Vs ITO (ITAT Ahmedabad)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2020-2021
Advertisement 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 obs...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,842

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