https://www.taxtmi.com/caselaws?id=359020 The court ruled in favor of the petitioner, an employee contesting a demand notice from the Income Tax Department related to a Voluntary Retirement Scheme. The court held that the scheme's non-conformity with tax rules did not negate the employees' entitlement to exemptions under Section 10(10C) of the Income Tax Act. Citing judicial precedents, including a Bombay High Court ruling and a Supreme Court decision, the court concluded that the demand was unlawful. The court emphasized that the Income Tax Department's demand was set aside, affirming the petitioner's right to exemption under Section 10(10C). en-us Mon, 09 Apr 2018 00:00:00 +0530 Mon, 23 Apr 2018 07:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359020 The court ruled in favor of the petitioner, an employee contesting a demand notice from the Income Tax Department related to a Voluntary Retirement Scheme. The court held that the scheme's non-conformity with tax rules did not negate the employees' entitlement to exemptions under Section 10(10C) of the Income Tax Act. Citing judicial precedents, including a Bombay High Court ruling and a Supreme Court decision, the court concluded that the demand was unlawful. The court emphasized that the Income Tax Department's demand was set aside, affirming the petitioner's right to exemption under Section 10(10C). Case-Laws Income Tax Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359020