1997 (3) TMI 16

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the following question of law under section 256(1) of the Income-tax Act, 1961, for the assessment year 1982-83 for the opinion of the court : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the voluntary retirement from service would fall under the term 'termination of employment' within the meaning of section 17(3)(i) of the Income .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... resignation, the amount could be regarded as salary and the assessee would be entitled to the relief provided under section 89 of the Income-tax Act, 1961. The said principle rendered by this court in the case of resignation would equally apply to the case of voluntary retirement of an employee from service. Accordingly, the Appellate Tribunal was right in holding that the amount received by the e .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X