https://www.taxtmi.com/caselaws?id=353588 The Tribunal determined that the payment received by the assessee qualifies as retrenchment compensation under section 10(10B) of the Income Tax Act, 1961, making it eligible for exemption. However, the precise amount eligible for exemption must be calculated according to statutory limits. The matter was remitted to the Assessing Officer for accurate quantification, allowing the appeal in principle pending this verification. en-us Tue, 02 Jan 2018 00:00:00 +0530 Tue, 05 Mar 2024 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353588 The Tribunal determined that the payment received by the assessee qualifies as retrenchment compensation under section 10(10B) of the Income Tax Act, 1961, making it eligible for exemption. However, the precise amount eligible for exemption must be calculated according to statutory limits. The matter was remitted to the Assessing Officer for accurate quantification, allowing the appeal in principle pending this verification. Case-Laws Income Tax Tue, 02 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353588