Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Retrenchment compensation received under a voluntary retirement scheme was held eligible for exemption under section 10(10B). The Tribunal found the controversy identical to an earlier co-ordinate bench decision on the same scheme and, noting no change in the legal position or factual matrix, followed that precedent. As a result, the assessee's claim for exemption was accepted and the grounds seeking relief under section 10(10B) were allowed.
Retrenchment compensation received under a voluntary retirement scheme was held eligible for exemption under section 10(10B). The Tribunal found the controversy identical to an earlier co-ordinate bench decision on the same scheme and, noting no change in the legal position or factual matrix, followed that precedent. As a result, the assessee's claim for exemption was accepted and the grounds seeking relief under section 10(10B) were allowed.
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