Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
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.
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