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2014 (1) TMI 288 - AT - Income TaxExemption u/s 10(10C) - Held that:- provisions of s.10(10C) are to be interpreted liberally in a manner which is beneficial to retired employees - Following CIT vs. Nagesh Devidas Kulkami [2007 (4) TMI 205 - BOMBAY High Court] - The assessee is entitled to the exemption under s.10(10C) of the Act and also rebate under S. 89 of the Act in respect of the amount received in excess of Rs.5,00,000 on account of voluntary retirement - Decided in favour of assessee.
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