https://www.taxtmi.com/caselaws?id=788656 Compensation paid under the BSNL Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation arising from workforce reduction linked to revival of the undertaking, so it qualified as a capital receipt exempt under section 10(10B) rather than being confined to section 10(10C). The Tribunal also held that an appellate authority may entertain a new exemption claim where it is necessary to determine the correct tax liability, even if the claim was not raised in the original or revised return. The additions were therefore deleted and the assessee's appeals were allowed. en-us Tue, 24 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 09:05:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788656 Compensation paid under the BSNL Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation arising from workforce reduction linked to revival of the undertaking, so it qualified as a capital receipt exempt under section 10(10B) rather than being confined to section 10(10C). The Tribunal also held that an appellate authority may entertain a new exemption claim where it is necessary to determine the correct tax liability, even if the claim was not raised in the original or revised return. The additions were therefore deleted and the assessee's appeals were allowed. Case-Laws Income Tax Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788656