https://www.taxtmi.com/caselaws?id=469851 Delay in filing the first appeal was condoned on the basis that the explanation based on professional advice was sufficient and substantial justice outweighed procedural lapse. On merits, compensation received under the BSNL Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation in substance, falling under section 10(10B) rather than section 10(10C). The receipt was therefore regarded as a capital receipt exempt from tax, following earlier coordinate bench decisions on identical BSNL VRS facts, and consequential refund was to follow after verification of revised computation. en-us Wed, 29 Apr 2026 00:00:00 +0530 Mon, 06 Jul 2026 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469851 Delay in filing the first appeal was condoned on the basis that the explanation based on professional advice was sufficient and substantial justice outweighed procedural lapse. On merits, compensation received under the BSNL Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation in substance, falling under section 10(10B) rather than section 10(10C). The receipt was therefore regarded as a capital receipt exempt from tax, following earlier coordinate bench decisions on identical BSNL VRS facts, and consequential refund was to follow after verification of revised computation. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469851