https://www.taxtmi.com/caselaws?id=441111 The court upheld the order directing the petitioner to pay the deducted sum of Rs. 1,15,488/- to the second respondent, emphasizing the applicability of income tax exemptions for voluntary retirement benefits under the Income Tax Act. The court found that the second respondent's retirement fell under the purview of the Income Tax Act, entitling him to exemption on income up to Rs. 5,00,000/-. The petitioner was directed to pay the remaining amount after deducting the deposited sum within four weeks. en-us Fri, 14 Jul 2023 00:00:00 +0530 Wed, 02 Aug 2023 10:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441111 The court upheld the order directing the petitioner to pay the deducted sum of Rs. 1,15,488/- to the second respondent, emphasizing the applicability of income tax exemptions for voluntary retirement benefits under the Income Tax Act. The court found that the second respondent's retirement fell under the purview of the Income Tax Act, entitling him to exemption on income up to Rs. 5,00,000/-. The petitioner was directed to pay the remaining amount after deducting the deposited sum within four weeks. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441111