BSNL VRS Compensation Fully Exempt U/s 10(10B); ITAT Also Allows Full Leave Encashment Relief to Former DOT/BSNL Employees

Renuka Narasimha Prabhu Vs ITO (ITAT Bangalore) BSNL VRS Compensation Fully Exempt U/s 10(10B); ITAT Also Allows Full Leave Encashment Relief to Former DOT/BSNL Employees In a major relief for former BSNL employees who opted under the BSNL VRS Scheme, 2019, the Bangalore ITAT held that the compensation received under the scheme qualifies as retrenchment compensation exempt under Section 10(10B) and not merely as voluntary retirement compensation restricted to ₹5 lakh under Section 10(10C). The Tribunal directed the Assessing Officers to grant full exemption of the retrenchment compensation r...