https://www.taxtmi.com/caselaws?id=790110 Compensation received by BSNL employees under the BSNL Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation in the nature of a capital receipt and held exempt from tax under section 10(10B) of the Income-tax Act, 1961, following the Tribunal's consistent view in earlier coordinate bench rulings. The Tribunal also found sufficient cause to condone the delay before the first appellate authority, emphasising that substantial justice should prevail over technical delay. Relief was therefore granted on merits, with consequential verification of revised computation and refund, if any, by the Assessing Officer. en-us Fri, 27 Mar 2026 00:00:00 +0530 Fri, 17 Apr 2026 15:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790110 Compensation received by BSNL employees under the BSNL Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation in the nature of a capital receipt and held exempt from tax under section 10(10B) of the Income-tax Act, 1961, following the Tribunal's consistent view in earlier coordinate bench rulings. The Tribunal also found sufficient cause to condone the delay before the first appellate authority, emphasising that substantial justice should prevail over technical delay. Relief was therefore granted on merits, with consequential verification of revised computation and refund, if any, by the Assessing Officer. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790110