Section 80CCC(2) applies only when the assessee has claimed and...

Section 80CCC(2) applies only when the assessee has claimed and been allowed a deduction u/s 80CCC(1). Since the assessee did not claim deduction u/s 80CCC(1), Section 80CCC(2) is inapplicable. The accretion of Rs. 16,39,726 from premature surrender of pension policies requires examination u/s 10(10D) to determine eligibility for exemption. The matter is restored to the Assessing Officer to examine the exemption eligibility u/s 10(10D). The assessee's appeal is partly allowed.