BSNL VRS Compensation Qualifies for Section 10(10B) Exemption as Retrenchment Compensation: ITAT Pune

Rajendra Himmatrao Patil 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. The assessees had originally offered the compensation to tax after claiming exemption under Section 10(10C) and subsequently claimed exemption under Section 10(10B) before the CIT(A). The CIT(A) had either dismissed the appeals on the ground of delay or declined to entertain the fresh claim on the ground that it had not been made through a re...