Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Delay was condoned, so the assessee's claim was entertained in appeal. The ITAT held that compensation received under the BSNL Voluntary Retirement Scheme, 2019 had the character of retrenchment compensation under section 10(10B) and therefore constituted a capital receipt exempt from tax. The exemption was allowed subject to verification of the necessary details from a revised computation, and the Assessing Officer was directed to grant consequential relief.
Delay was condoned, so the assessee's claim was entertained in appeal. The ITAT held that compensation received under the BSNL Voluntary Retirement Scheme, 2019 had the character of retrenchment compensation under section 10(10B) and therefore constituted a capital receipt exempt from tax. The exemption was allowed subject to verification of the necessary details from a revised computation, and the Assessing Officer was directed to grant consequential relief.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
