Relief under section 89 denied where exemption under clause 10C of section 10 is claimed for voluntary retirement receipts. A proviso to Section 89 disallows relief in respect of amounts received on voluntary retirement, termination, or voluntary separation when the assessee ... Summary
Relief under section 89 denied where exemption under clause 10C of section 10 is claimed for voluntary retirement receipts.
A proviso to Section 89 disallows relief in respect of amounts received on voluntary retirement, termination, or voluntary separation when the assessee has claimed an exemption for those amounts under clause (10C) of Section 10 in respect of the same or any other assessment year, thereby preventing double tax benefit where clause (10C) exemption has been availed.
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