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2006 (3) TMI 103 - HC - Income TaxCompensation received under the voluntary retirement scheme - case of the appellant-revenue is that the assessee/respondent herein, availed of the benefit of the voluntary retirement scheme and claimed exemption of the amount of compensation received, both under section 10(10C) and section 89(1) – held that there was no prohibition to the twin benefits in respect of the amount received under the voluntary retirement scheme. - Tribunal was right in holding that the assessee is eligible to claim simultaneous benefit under section 10(10C) as well as section 89(1) in respect of the compensation received under the voluntary retirement scheme
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