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2008 (7) TMI 259 - HC - Income Tax
Whether Tribunal was justified in holding that the amount received by the assessee under “Optional Early Retirement Scheme of RBI” is eligible for exemption u/s 10(10C) – assessee’s submission that scheme satisfies all the requirement, of both section 10(10C) as also Rule 2BA, is acceptable – therefore, amounts upto 5 lakh entitlesd to exemption u/s 10 (10C) - and for the amount in excess of ₹ 5 lac, the assessee would be entitled to the benefits u/s 89 in addition to the benefits u/s 10(10C)