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    <title>2012 (3) TMI 690 - BOMBAY HIGH COURT</title>
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    <description>Where wage revision is made effective from an earlier date and the employer&#039;s communications and revised VRS terms contemplate recalculation on that basis, employees who opted for voluntary retirement before the date of actual monetary implementation may still claim notional revision for recomputation of retiral benefits. The text also notes that similarly placed employees retiring later had already received the benefit, and that this supported extending the same treatment to VRS retirees. The result described is that denial of notional wage revision was considered unjustified and consequential retiral dues were to be recomputed accordingly.</description>
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    <pubDate>Fri, 30 Mar 2012 00:00:00 +0530</pubDate>
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      <title>2012 (3) TMI 690 - BOMBAY HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=301984</link>
      <description>Where wage revision is made effective from an earlier date and the employer&#039;s communications and revised VRS terms contemplate recalculation on that basis, employees who opted for voluntary retirement before the date of actual monetary implementation may still claim notional revision for recomputation of retiral benefits. The text also notes that similarly placed employees retiring later had already received the benefit, and that this supported extending the same treatment to VRS retirees. The result described is that denial of notional wage revision was considered unjustified and consequential retiral dues were to be recomputed accordingly.</description>
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      <pubDate>Fri, 30 Mar 2012 00:00:00 +0530</pubDate>
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