https://www.taxtmi.com/caselaws?id=203120 The High Court ruled in favor of the petitioners, former employees of ICICI Bank, allowing their writ petitions and directing the respondent to grant exemption under section 10(10C) of the Income-tax Act. The court considered the subsequent Supreme Court judgment clarifying eligibility for exemption, overturning conflicting views and establishing the petitioners' entitlement to claim exemption on terminal benefits received under the Voluntary Retirement Scheme. The respondent's rejection of rectification applications was set aside, and the petitioners were granted relief within 12 weeks. en-us Wed, 03 Nov 2010 00:00:00 +0530 Fri, 21 Dec 2012 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203120 The High Court ruled in favor of the petitioners, former employees of ICICI Bank, allowing their writ petitions and directing the respondent to grant exemption under section 10(10C) of the Income-tax Act. The court considered the subsequent Supreme Court judgment clarifying eligibility for exemption, overturning conflicting views and establishing the petitioners' entitlement to claim exemption on terminal benefits received under the Voluntary Retirement Scheme. The respondent's rejection of rectification applications was set aside, and the petitioners were granted relief within 12 weeks. Case-Laws Income Tax Wed, 03 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203120