https://www.taxtmi.com/caselaws?id=310417 The court ruled in favor of the petitioner, a retired employee of the Reserve Bank of India, who was denied an exemption under Sections 10(10C) and 89 of the Income Tax Act. Despite previous judgments supporting similar claims, the Assessing Officer had rejected the exemption. The petitioner's application for rectification under Section 154 and revision under Section 264 were also dismissed. However, the court found the petitioner's approach valid, citing precedent from the HC, and ordered the respondent to grant the refund, aligning with prior decisions that provided complete relief in similar cases. en-us Fri, 09 May 2014 00:00:00 +0530 Tue, 24 Oct 2023 10:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310417 The court ruled in favor of the petitioner, a retired employee of the Reserve Bank of India, who was denied an exemption under Sections 10(10C) and 89 of the Income Tax Act. Despite previous judgments supporting similar claims, the Assessing Officer had rejected the exemption. The petitioner's application for rectification under Section 154 and revision under Section 264 were also dismissed. However, the court found the petitioner's approach valid, citing precedent from the HC, and ordered the respondent to grant the refund, aligning with prior decisions that provided complete relief in similar cases. Case-Laws Income Tax Fri, 09 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310417