https://www.taxtmi.com/caselaws?id=62993 Retirement benefits paid under rule 37A of the Central Civil Services (Pension) Rules, 1972 were treated as one integral commutation scheme, so the terminal benefit received on government service absorption in a public sector undertaking was not split from the commuted value of one-third pension for tax purposes. On that basis, the terminal benefit was regarded as falling within the exemption for commuted pension under section 10(10A)(i) of the Income-tax Act, 1961. The underlying rectification orders granting exemption were therefore not displaced by revision under section 263. en-us Fri, 02 Apr 1982 00:00:00 +0530 Mon, 13 Jun 2011 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62993 Retirement benefits paid under rule 37A of the Central Civil Services (Pension) Rules, 1972 were treated as one integral commutation scheme, so the terminal benefit received on government service absorption in a public sector undertaking was not split from the commuted value of one-third pension for tax purposes. On that basis, the terminal benefit was regarded as falling within the exemption for commuted pension under section 10(10A)(i) of the Income-tax Act, 1961. The underlying rectification orders granting exemption were therefore not displaced by revision under section 263. Case-Laws Income Tax Fri, 02 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62993