https://www.taxtmi.com/caselaws?id=790042 BSNL employees' payments under the BSNL Voluntary Retirement Scheme, 2019 were treated as retrenchment compensation linked to workforce reduction in the BSNL and MTNL revival package, not as ordinary voluntary retirement benefits. The ITAT Pune followed coordinate bench authority and the settled principle that appellate authorities may consider a new legal claim to determine the correct tax liability, and held that such receipts are capital in nature and exempt under section 10(10B) of the Income-tax Act, 1961. It further held that the monetary ceiling applicable to section 10(10C) did not govern the claim, so the assessee's exemption claim succeeded. en-us Tue, 24 Mar 2026 00:00:00 +0530 Sat, 18 Apr 2026 08:22:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790042 BSNL employees' payments under the BSNL Voluntary Retirement Scheme, 2019 were treated as retrenchment compensation linked to workforce reduction in the BSNL and MTNL revival package, not as ordinary voluntary retirement benefits. The ITAT Pune followed coordinate bench authority and the settled principle that appellate authorities may consider a new legal claim to determine the correct tax liability, and held that such receipts are capital in nature and exempt under section 10(10B) of the Income-tax Act, 1961. It further held that the monetary ceiling applicable to section 10(10C) did not govern the claim, so the assessee's exemption claim succeeded. Case-Laws Income Tax Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790042