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2012 (6) TMI 806 - AT - Income TaxWhether the CIT(A) has erred in law and on facts in deleting the addition u/s 10(10C)? - Held NO - There is no prohibition to the twin benefits in respect of the amount received under the voluntary retirement scheme. The word ' salary ' as defined in s. 17 includes any profit in lieu of salary, which has been defined in s. 17(3) to include any amount of compensation due or received by the assessee from his employer or former employer in connection with the termination of his employment. Hence, payment under the voluntary retirement scheme is covered by the word ' salary ‘, which has been given a very wide definition in s. 17. Since the assessee is covered by s. 89, he will get both the benefits, which he has claimed for.
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