Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Page of 4823
Press 'Enter' after typing page number.
7281 to 7300 of 96456 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Retrenchment compensation received by BSNL employees under the 2019 forced retirement scheme was treated as a capital receipt exempt from tax under section 10(10B), not as a limited exemption under section 10(10C), because the payment arose from a retrenchment-style separation scheme linked to the BSNL/MTNL revival plan. The Tribunal also accepted that the assessees could raise the exemption claim in appeal. The contrary view of the CIT(A) was set aside, and the assessees were directed to file revised income computations before the jurisdictional Assessing Officers for verification and consequential refund relief, if any.
Retrenchment compensation received by BSNL employees under the 2019 forced retirement scheme was treated as a capital receipt exempt from tax under section 10(10B), not as a limited exemption under section 10(10C), because the payment arose from a retrenchment-style separation scheme linked to the BSNL/MTNL revival plan. The Tribunal also accepted that the assessees could raise the exemption claim in appeal. The contrary view of the CIT(A) was set aside, and the assessees were directed to file revised income computations before the jurisdictional Assessing Officers for verification and consequential refund relief, if any.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4823 
Join Channel 
