https://www.taxtmi.com/caselaws?id=779237 ITAT, Chandigarh allowed the appeal, holding the assessee entitled to exemption u/s 10(10A) for lump-sum payment in commutation of pension under the employer's scheme. The Tribunal found no requirement that the benefit accrue only on superannuation and rejected the AO's view that subsequent employment or characterization as extinguishment precluded pension treatment. The AO's denial was an apparent, patent error warranting rectification u/s 154, and the AO was directed to grant the exemption in line with decisions in similarly situated cases. en-us Thu, 11 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779237 ITAT, Chandigarh allowed the appeal, holding the assessee entitled to exemption u/s 10(10A) for lump-sum payment in commutation of pension under the employer's scheme. The Tribunal found no requirement that the benefit accrue only on superannuation and rejected the AO's view that subsequent employment or characterization as extinguishment precluded pension treatment. The AO's denial was an apparent, patent error warranting rectification u/s 154, and the AO was directed to grant the exemption in line with decisions in similarly situated cases. Case-Laws Income Tax Thu, 11 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779237