https://www.taxtmi.com/caselaws?id=773509 ITAT Chandigarh allowed the assessee's appeal regarding exemption under section 10(10B) for VRS compensation. The assessee received compensation in two installments under a voluntary retirement scheme. While CIT(A) allowed exemption for the first installment, it was denied for the second installment. ITAT held this distinction unjustified, noting the assessee hadn't received salary for months and the VRS was effectively a retrenchment scheme. Following precedent in Sarabjit Singh case, ITAT deleted the disallowance and granted exemption for both installments. en-us Fri, 30 May 2025 00:00:00 +0530 Fri, 17 Apr 2026 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773509 ITAT Chandigarh allowed the assessee's appeal regarding exemption under section 10(10B) for VRS compensation. The assessee received compensation in two installments under a voluntary retirement scheme. While CIT(A) allowed exemption for the first installment, it was denied for the second installment. ITAT held this distinction unjustified, noting the assessee hadn't received salary for months and the VRS was effectively a retrenchment scheme. Following precedent in Sarabjit Singh case, ITAT deleted the disallowance and granted exemption for both installments. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773509