https://www.taxtmi.com/caselaws?id=433661 The High Court held that the petitioner, who received compensation post voluntary retirement, was entitled to benefit under Section 89 of the Income Tax Act despite claiming exemption under Section 10(10C). The court overturned the rejection of the petitioner's revision application under Section 264 by the lower authorities, directing a refund to be made by the respondents. The decision was influenced by previous judgments and the CBDT's clarification that relief under Section 89 applies to payments received under voluntary retirement schemes, establishing the petitioner's entitlement to the relief sought. en-us Wed, 25 Jan 2023 00:00:00 +0530 Sat, 04 Feb 2023 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433661 The High Court held that the petitioner, who received compensation post voluntary retirement, was entitled to benefit under Section 89 of the Income Tax Act despite claiming exemption under Section 10(10C). The court overturned the rejection of the petitioner's revision application under Section 264 by the lower authorities, directing a refund to be made by the respondents. The decision was influenced by previous judgments and the CBDT's clarification that relief under Section 89 applies to payments received under voluntary retirement schemes, establishing the petitioner's entitlement to the relief sought. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433661