https://www.taxtmi.com/caselaws?id=234166 The tribunal dismissed all five appeals of the Revenue concerning the disallowance of exemption u/s. 10(10C) for an ex-gratia payment under the Exit Option Scheme for Assessment year 2007-08. The tribunal upheld the CIT(A)'s decision to grant partial relief to the Assessee and delete the penalty under section 271(1)(C) of the Act, emphasizing consistency in decisions and reliance on legal interpretations and precedents in determining eligibility for deductions and exemptions under the Income Tax Act. en-us Tue, 30 Apr 2013 00:00:00 +0530 Thu, 09 May 2013 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234166 The tribunal dismissed all five appeals of the Revenue concerning the disallowance of exemption u/s. 10(10C) for an ex-gratia payment under the Exit Option Scheme for Assessment year 2007-08. The tribunal upheld the CIT(A)'s decision to grant partial relief to the Assessee and delete the penalty under section 271(1)(C) of the Act, emphasizing consistency in decisions and reliance on legal interpretations and precedents in determining eligibility for deductions and exemptions under the Income Tax Act. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234166