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2009 (4) TMI 180 - HC - Income TaxWhether the amount paid to employees under the voluntary retirement scheme is entitled for deduction - On retirement, the assessee received from the employer bank several dues including ex gratia. - assessee claimed exemption u/s 10(10C) and also claimed relief u/s 89(1) – held that there is no prohibition to the twin benefits in respect of an amount received under the voluntary retirement scheme – so assessee is entitled to exemption u/s 10(10C) and relief u/s 89(1) for the exgratia amount received from the employer bank
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