https://www.taxtmi.com/caselaws?id=168876 The HC upheld the rejection of the petitioner's application under section 264 of the IT Act as time-barred but granted relief under section 10(13)(ii) for excluding pension income from tax for assessment years 1990-91, 1991-92, and 1993-94. The Court found section 10(13)(ii) applicable, allowing exclusion of amounts received from an approved superannuation fund. The Court dismissed the department's reliance on CIT v. Shelly Products, affirming the petitioner's entitlement to relief. The petition was disposed of without costs, correcting the tax assessment for the specified years. en-us Mon, 06 Nov 2006 00:00:00 +0530 Thu, 15 Feb 2024 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168876 The HC upheld the rejection of the petitioner's application under section 264 of the IT Act as time-barred but granted relief under section 10(13)(ii) for excluding pension income from tax for assessment years 1990-91, 1991-92, and 1993-94. The Court found section 10(13)(ii) applicable, allowing exclusion of amounts received from an approved superannuation fund. The Court dismissed the department's reliance on CIT v. Shelly Products, affirming the petitioner's entitlement to relief. The petition was disposed of without costs, correcting the tax assessment for the specified years. Case-Laws Income Tax Mon, 06 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168876