2012 (8) TMI 1023

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..... S. Padvekar Judicial Member and Shri R.K. Panda, Accountant Member For the Appellant : Ms. Ann Kapthuama For the Respondent : Shri Vijay Ganpatrao Patil ORDER Per R.S. Padvekar, JM In this appeal, the revenue has challenged the impugned order of CIT(A), Kolhapur dated 16.6.2011 for the A.Y. 2007-08. The revenue has taken following effective grounds in the appeal : 1 .....

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..... e assessee was employee of the State Bank of India and opted for Voluntary Retirement as per Exist Option Scheme (EOS) declared by the Bank. In the return of income for the A.Y. 2007-08. The assessee claimed exemption u/s. 10(10C) of the Act in respect of the Ex-gratia amount received from the Bank on his Voluntary Retirement. The said claim of exemption u/s. 10(10C) was rejected by the A.O. follo .....

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