https://www.taxtmi.com/caselaws?id=16647 The High Court upheld the constitutional validity of clause (10C) of section 10 of the Income-tax Act and rule 2BA of the Income-tax Rules. It confirmed the legality of the approval granted by the Chief Commissioner of Income-tax to the voluntary retirement scheme of the respondent company. The court found that the provisions were not violative of articles 14 and 21 of the Constitution, emphasizing the benefits of incentivizing voluntary retirement to address overstaffing and promote economic efficiency. The writ petition challenging these aspects was dismissed at the admission stage for lack of merit. en-us Wed, 10 Jun 1998 00:00:00 +0530 Wed, 09 Sep 2009 11:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16647 The High Court upheld the constitutional validity of clause (10C) of section 10 of the Income-tax Act and rule 2BA of the Income-tax Rules. It confirmed the legality of the approval granted by the Chief Commissioner of Income-tax to the voluntary retirement scheme of the respondent company. The court found that the provisions were not violative of articles 14 and 21 of the Constitution, emphasizing the benefits of incentivizing voluntary retirement to address overstaffing and promote economic efficiency. The writ petition challenging these aspects was dismissed at the admission stage for lack of merit. Case-Laws Income Tax Wed, 10 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16647