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ITAT Allows Section 10(10B) Exemption on BSNL Voluntary Retirement Scheme Compensation
Case Law Details
- Case Name
- Shraddha Pralhad Arote Vs ITO (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
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Shraddha Pralhad Arote Vs ITO (ITAT Pune)
Material Facts: The assessees were employees of Bharat Sanchar Nigam Limited (BSNL), a Government of India enterprise under the administrative control of the Department of Telecommunications. To revive BSNL and Mahanagar Telephone Nigam Limited (MTNL), the Union Cabinet approved a revival plan on October 23, 2019, communicated via an Office Memorandum dated October 29, 2019. As part of the revival package aimed at reducing workforce costs, BSNL introduced the BSNL Voluntary Retirement Scheme, 2019 for employees aged 50 years and above, paying them ex...
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