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2011 (11) TMI 663 - AT - Income TaxExemption u/s 10(10C) - A.O under the re-assessment disallowed the claim on the basis that the State Bank of India has clearly mentioned in Exit Scheme that employees will not get exemption u/s. 10(10C) - Held that:- Employees who took the voluntary retirement under the Exit Option Scheme dated 29.4.2005 announced by the State Bank of India are eligible for exemption u/s. 10(10C) of the Act.
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