https://www.taxtmi.com/caselaws?id=171014 The ITAT allowed the appeal, granting the assessee exemption up to the specified amount under section 10(10C). The ITAT emphasized a liberal interpretation of section 10(10C) and rule 2BA, stating that denial of exemption based solely on exceeding the limit prescribed by Rule 2BA would go against the spirit of the section. The decision highlighted the need for a favorable view towards the assessee in cases involving voluntary retirement benefits, especially when no specific limit was outlined in the section itself. en-us Fri, 18 Jul 2014 00:00:00 +0530 Mon, 25 May 2015 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171014 The ITAT allowed the appeal, granting the assessee exemption up to the specified amount under section 10(10C). The ITAT emphasized a liberal interpretation of section 10(10C) and rule 2BA, stating that denial of exemption based solely on exceeding the limit prescribed by Rule 2BA would go against the spirit of the section. The decision highlighted the need for a favorable view towards the assessee in cases involving voluntary retirement benefits, especially when no specific limit was outlined in the section itself. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171014