https://www.taxtmi.com/caselaws?id=9572 The court held that compensation received by employees under the Voluntary Retirement Scheme qualifies as "termination of employment" under section 17(3) of the Income-tax Act, making them eligible for relief under section 89(1). The court ruled that employees can claim both exemptions under section 10(10C)(viii) and relief under section 89(1). The Central Board of Direct Taxes' directive denying relief was overturned, allowing employees to benefit from both provisions. en-us Thu, 08 Dec 2005 00:00:00 +0530 Sat, 27 Jun 2009 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9572 The court held that compensation received by employees under the Voluntary Retirement Scheme qualifies as "termination of employment" under section 17(3) of the Income-tax Act, making them eligible for relief under section 89(1). The court ruled that employees can claim both exemptions under section 10(10C)(viii) and relief under section 89(1). The Central Board of Direct Taxes' directive denying relief was overturned, allowing employees to benefit from both provisions. Case-Laws Income Tax Thu, 08 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9572