https://www.taxtmi.com/caselaws?id=178576 The Tribunal allowed the appeal regarding the reopening of proceedings under Section 147 of the Income Tax Act, 1961, due to the absence of recorded reasons. The appellant, an employee of State Bank of India, was granted exemption under Section 10(10C) for ex-gratia received upon voluntary retirement, following a decision by the Mumbai High Court. Additionally, relief under Section 89(1) was provided to the appellant. The Tribunal consolidated similar appeals and directed the Assessing Officer to grant relief to all appellants, resulting in a favorable outcome for the assessees pronounced on January 27, 2014. en-us Mon, 27 Jan 2014 00:00:00 +0530 Tue, 09 Feb 2016 10:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178576 The Tribunal allowed the appeal regarding the reopening of proceedings under Section 147 of the Income Tax Act, 1961, due to the absence of recorded reasons. The appellant, an employee of State Bank of India, was granted exemption under Section 10(10C) for ex-gratia received upon voluntary retirement, following a decision by the Mumbai High Court. Additionally, relief under Section 89(1) was provided to the appellant. The Tribunal consolidated similar appeals and directed the Assessing Officer to grant relief to all appellants, resulting in a favorable outcome for the assessees pronounced on January 27, 2014. Case-Laws Income Tax Mon, 27 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178576