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2018 (11) TMI 270 - HC - Income TaxEntitlement to exemption u/s 10(10(c) - Voluntary retirement scheme - terminal benefits received by the appellant at the time of voluntary retirement under the Early Retirement Option(ERO) 2003, Scheme - Held that:- Substantial Question of Law was considered in the case of Smt.Kalyani Santhanam -vs- The Income Tax Officer, Ward(2), Tambaram, Chennai-600 045 [2018 (11) TMI 135 - MADRAS HIGH COURT] wherein as decided in view of circular dated 8-5-2009, revenue agreed to allow the benefit of deduction to the appellants under section 10(10C) of the Income-tax Act, 1961, as far as the retired employees of the Reserve Bank of India are concerned. - Exemption u/s 10(10C) allowed - Decided in favour of assessee.
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