https://www.taxtmi.com/caselaws?id=369927 The Division Bench upheld the assessee's entitlement to exemption under Section 10(10C) of the Income Tax Act for terminal benefits received upon voluntary retirement. The appeal was allowed, the Tribunal's order was set aside, and the substantial question of law was answered in favor of the assessee. The decision aligned with the previous ruling and the clarification by the Central Board of Direct Taxes regarding the eligibility of retiring RBI employees for exemption under the Income Tax Act. en-us Thu, 11 Oct 2018 00:00:00 +0530 Mon, 05 Nov 2018 13:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369927 The Division Bench upheld the assessee's entitlement to exemption under Section 10(10C) of the Income Tax Act for terminal benefits received upon voluntary retirement. The appeal was allowed, the Tribunal's order was set aside, and the substantial question of law was answered in favor of the assessee. The decision aligned with the previous ruling and the clarification by the Central Board of Direct Taxes regarding the eligibility of retiring RBI employees for exemption under the Income Tax Act. Case-Laws Income Tax Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369927