BSNL VRS Compensation Exempt U/s.10(10B) as Retrenchment Compensation: ITAT Pune

Prathibha Jgadish Unawane Vs ITO (ITAT Pune) The ITAT Pune considered whether compensation received by BSNL employees under the BSNL Voluntary Retirement Scheme, 2019 constituted retrenchment compensation exempt under Section 10(10B) of the Income-tax Act or was taxable subject only to the exemption under Section 10(10C). The assessees had originally claimed exemption under Section 10(10C) and later sought exemption under Section 10(10B) before the CIT(A). In some cases, the CIT(A) rejected the appeals on account of delay, while in others the new claim was not entertained as it had not been ma...