https://www.taxtmi.com/caselaws?id=179317 The appeal filed by the assessee, a former employee of State Bank of India, regarding the exemption claimed under section 10(10C) of the Income Tax Act for an ex gratia amount received upon voluntary retirement, was allowed. The Tribunal ruled in favor of the assessee, stating that the ex gratia amount of Rs. 5 lakhs is eligible for exemption under section 10(10C) of the Act, despite non-compliance with Rule 2B of the Income Tax Rules. en-us Thu, 09 Aug 2012 00:00:00 +0530 Fri, 26 Feb 2016 12:36:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179317 The appeal filed by the assessee, a former employee of State Bank of India, regarding the exemption claimed under section 10(10C) of the Income Tax Act for an ex gratia amount received upon voluntary retirement, was allowed. The Tribunal ruled in favor of the assessee, stating that the ex gratia amount of Rs. 5 lakhs is eligible for exemption under section 10(10C) of the Act, despite non-compliance with Rule 2B of the Income Tax Rules. Case-Laws Income Tax Thu, 09 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179317