https://www.taxtmi.com/caselaws?id=377930 The High Court of Madras dismissed the Revenue Department's appeal and upheld the exemption under Section 10(10C) of the Income Tax Act for amounts received on voluntary retirement from a bank. The court relied on previous judgments and established legal precedent from various High Courts and the Supreme Court supporting the exemption for voluntary retirement amounts. The judgment emphasized the consistent legal position on granting exemptions for such amounts, ultimately leading to the dismissal of the appeal without costs to the parties involved. en-us Wed, 27 Mar 2019 00:00:00 +0530 Fri, 05 Apr 2019 08:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377930 The High Court of Madras dismissed the Revenue Department's appeal and upheld the exemption under Section 10(10C) of the Income Tax Act for amounts received on voluntary retirement from a bank. The court relied on previous judgments and established legal precedent from various High Courts and the Supreme Court supporting the exemption for voluntary retirement amounts. The judgment emphasized the consistent legal position on granting exemptions for such amounts, ultimately leading to the dismissal of the appeal without costs to the parties involved. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377930