Ex-Gratia from BSNL VRS is Non-Taxable Due to Retrenchment Compensation Status: ITAT Pune

Shraddha Pralhad Arote Vs ITO (ITAT Pune) In the case of Shraddha Pralhad Arote vs ITO decided by the Income Tax Appellate Tribunal, Pune Bench, the appeals related to Assessment Years 2020–21 and 2021–22 were filed against orders passed under Section 143(1)(a) by the authorities. Since common issues were involved, the Tribunal adjudicated them through a consolidated order. The central issue was whether ex-gratia compensation received by employees of Bharat Sanchar Nigam Limited (BSNL) under the Voluntary Retirement Scheme (VRS), 2019, implemented as part of a government-approved revival p...