https://www.taxtmi.com/caselaws?id=259135 The High Court affirmed the entitlement of an employee opting for voluntary retirement to exemption under Section 10(10C) of the Income Tax Act up to Rs. 5 lacs, with excess amounts eligible for relief under Section 89. The Court relied on precedents from the Bombay High Court and the Supreme Court, along with a circular from the Central Board of Direct Taxes, to support its decision. As a result, the Court dismissed all Tax Appeals in favor of the assessee, with no costs awarded. en-us Fri, 17 Apr 2015 00:00:00 +0530 Fri, 01 May 2015 06:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259135 The High Court affirmed the entitlement of an employee opting for voluntary retirement to exemption under Section 10(10C) of the Income Tax Act up to Rs. 5 lacs, with excess amounts eligible for relief under Section 89. The Court relied on precedents from the Bombay High Court and the Supreme Court, along with a circular from the Central Board of Direct Taxes, to support its decision. As a result, the Court dismissed all Tax Appeals in favor of the assessee, with no costs awarded. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259135