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BSNL VRS Compensation Exempt as Retrenchment Under Section 10(10B): ITAT Ahmedabad
Case Law Details
- Case Name
- Chhaganlal Bhimabhai Dangodara 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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Chhaganlal Bhimabhai Dangodara Vs ITO (ITAT Ahmedabad)
The tribunal held that compensation received under the BSNL Voluntary Retirement Scheme (VRS) 2019 qualifies as retrenchment compensation and is exempt under Section 10(10B) of the Income-tax Act. The assessee, a BSNL employee, received ₹16,53,076 under a Central Government-approved scheme funded through budgetary support. The tribunal observed that the scheme was a government-driven restructuring measure aimed at manpower rationalisation and not a purely voluntary retirement scheme. It emphasized that the substance of t...
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