https://www.taxtmi.com/caselaws?id=201344 The appeal against the common order of the Income-tax Appellate Tribunal regarding exemption under section 10(10C) of the Income-tax Act, 1961 was dismissed. The case involved a retired employee of the Reserve Bank of India claiming exemption under the "Optional Early Retirement Scheme." Despite the scheme not meeting the conditions under rule 2BA, the assessee was allowed the deduction under section 10(10C). The judgment emphasized the significance of the tax effect in determining appeals before the High Court and highlighted the adherence to monetary limits set by the Central Board of Direct Taxes for filing appeals. en-us Wed, 24 Sep 2008 00:00:00 +0530 Sat, 29 Dec 2012 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201344 The appeal against the common order of the Income-tax Appellate Tribunal regarding exemption under section 10(10C) of the Income-tax Act, 1961 was dismissed. The case involved a retired employee of the Reserve Bank of India claiming exemption under the "Optional Early Retirement Scheme." Despite the scheme not meeting the conditions under rule 2BA, the assessee was allowed the deduction under section 10(10C). The judgment emphasized the significance of the tax effect in determining appeals before the High Court and highlighted the adherence to monetary limits set by the Central Board of Direct Taxes for filing appeals. Case-Laws Income Tax Wed, 24 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201344