2011 (11) TMI 663

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..... .2005 announced by the State Bank of India are eligible for exemption u/s. 10(10C) of the Act. - ITA No. 326/PN/2010 - - - Dated:- 8-11-2011 - Shri I.C. Sudhir, Judicial Member and Shri D. Karunakara Rao, Accountant Member Assessee by : None Respondent by : Shri. P.L. Koli ORDER Per I.C. Sudhir, JM The Revenue has questioned the first appellate order on several .....

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..... decision of the Mumbai Bench of the Tribunal in the case of Mr. Vilas Sudam Savant in ITA No. 6016/M/07, order dated 6.10.2008. In that case, under similar facts and circumstances, it was held that employees who took the voluntary retirement under the Exit Option Scheme dated 29.4.2005 announced by the State Bank of India are eligible for exemption u/s. 10(10C) of the Act. In this regard, Mumbai B .....

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