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2012 (3) TMI 191 - HC - Income TaxRelief u/s 89 - Voluntary retirement scheme for employees - payments to the employees, but without any tax deduction at source, based on Section 89(1) of the Income Tax Act - writ petition filed for the financial year 2000-2001 - the petitioner contented that a Division Bench of this Court has in State Bank of Travancore & Ors. v. Central Board of Director Taxes & Anr. [2005 -TMI - 9572 - KERALA High Court] allowed the claim of another Bank in a similar situation - Held that:- Writ petition is allowed as to follow the binding judgments of a jurisdictional High Court in the above mentioned case and not ignoring merely on the ground that a Special Leave Petition has been filed before the Supreme Court for stay .
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