https://www.taxtmi.com/caselaws?id=179608 Voluntary retirement scheme deductions were examined against section 10(10C), section 89 and Rule 2BA. The text notes that relief under section 10(10C) was understood to be capped at Rs. 5 lakhs, with section 89 potentially extending tax benefit beyond that limit, while Rule 2BA remained relevant because a compliant scheme should not fill vacancies created by voluntary retirement. On the facts recorded, the scheme clause expressly permitted the bank to fill such vacancies, so no substantive relief was granted in the petition and the petitioners were left to pursue any independent remedy available in law. en-us Mon, 15 Oct 2007 00:00:00 +0530 Sat, 05 Mar 2016 12:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179608 Voluntary retirement scheme deductions were examined against section 10(10C), section 89 and Rule 2BA. The text notes that relief under section 10(10C) was understood to be capped at Rs. 5 lakhs, with section 89 potentially extending tax benefit beyond that limit, while Rule 2BA remained relevant because a compliant scheme should not fill vacancies created by voluntary retirement. On the facts recorded, the scheme clause expressly permitted the bank to fill such vacancies, so no substantive relief was granted in the petition and the petitioners were left to pursue any independent remedy available in law. Case-Laws Income Tax Mon, 15 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179608