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Income Tax Case Laws - Section: 10(10B)

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Cases for Section: 10(10B)
Showing 1 to 6 of 6 Records

2014 (2) TMI 1022 - ITAT MUMBAI

M/s. Shri Nidhi Corporation Versus Addl. Commissioner Income Tax

Disallowance u/s 10(10B) of the Act - Premium paid on Keyman Insurance Policies - Revenue was of the view that the policies were not Keyman Insurance Policies as given in the Explanation to section 10(10D) of the Act Held that - Once the assessee has bought a policy under a life insurance scheme, then whether the insurance company is making investment in mutual funds for capital appreciation or under any other investment scheme, will not make any material difference - it is clearly evident from the clauses of that it is these policies that it is for life insurance only - if the assessee surren ....... - .......

1996 (3) TMI 162 - ITAT BOMBAY-D

Philips India Limited. Versus Income-Tax Officer.

....... - ...... inion that a sum of Rs. 50,000 is deductible under section 10(10B) of the Act, in respect of each of the worker who opted for Voluntary Separation Scheme, assessee acted honestly and fairly and there was no mala fide on the part of the assessee. Accordingly, in our opinion, the case of the assessee falls beyond the ken of section 201. We direct the Assessing Officer to delete the additions. 26. In the result, appeals of the assessee stand allowed

1985 (12) TMI 115 - ITAT HYDERABAD

First Income-Tax Officer Versus SK. Khandekar.

....... - ...... uld, by no stretch of imagination, be governed by the Industrial Disputes Act, because he was a company secretary and in charge of the company itself. The fact that he was carrying out certain clerical work does not make him a clerk so as to be regarded as a workman. In the circumstances, the assessee was not entitled to exemption under section 10(10B). We, therefore, reverse the order of the AAC and restore the assessment. The appeal is allowed.

1984 (10) TMI 96 - ITAT DELHI-A

PL. Goel. Versus Income-Tax Officer.

....... - ...... stretch of imagination, be said to be engaged in any administrative or managerial work. So the assessee is a workman within the meaning of section 2(s). The finding of the AAC to the contrary is not correct. Since the assessee is a workman under the Industrial Disputes Act, compensation of Rs. 21,908.20 received by the assessee is exempt from tax under section 10(10B). 11 to 1 3. These paras are not reproduced here as they involve minor issues.

1984 (9) TMI 1 - SUPREME Court

Mahendra Singh Dhantwal Versus Hindustan Motors Limited

Compensation in the amount of Rs. 20,000 was awarded only in lieu of reinstatement - it is conceded that the appellant s service was liable to stand terminated under the contract of service, the back-wages would be payable only for the period commencing from the date of termination till the date on which that service will come to an end under the terms of contr ....... - .......

1981 (10) TMI 58 - ITAT BOMBAY-D


....... - ...... strial Disputes Act and whether, in the light of the statutory and case law on the point, the assessee could be treated as having received retrenchment compensation. In this connection, the CIT(A) may with benefit go into the Supreme Court decisions as the well as Labour Court decision relied upon by the assessee. 10. In the result, the departmental appeal is dismissed and the assessee s appeal be may treated as allowed for statistical purposes.


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