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Pune ITAT: BSNL VRS-2019 Compensation Exempt Under Section 10(10B), Not 10(10C)
Case Law Details
- Case Name
- Raju Goral 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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Raju Goral Vs ITO (ITAT Pune)
Pune ITAT Reiterates BSNL VRS-2019 Compensation Is Exempt Under Section 10(10B) as Retrenchment Compensation; Rejects Taxability Under Section 10(10C)
The Pune ITAT, deciding a batch of 59 appeals involving former BSNL employees, held that the compensation received under the BSNL Voluntary Retirement Scheme, 2019 constitutes retrenchment compensation and is therefore exempt under section 10(10B) of the Income-tax Act, and not merely eligible for the limited exemption under section 10(10C). The Tribunal followed its earlier decision in Prathibha Ja...
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