https://www.taxtmi.com/caselaws?id=469879 Amount received by BSNL employees under the Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation in substance and therefore as an exempt capital receipt. The ITAT Pune followed its earlier coordinate-bench ruling on identical facts and rejected the first appellate authority's contrary view, holding that the scheme payment fell within the exempt category. The assessee's claim succeeded. en-us Wed, 20 May 2026 00:00:00 +0530 Tue, 07 Jul 2026 21:52:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469879 Amount received by BSNL employees under the Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation in substance and therefore as an exempt capital receipt. The ITAT Pune followed its earlier coordinate-bench ruling on identical facts and rejected the first appellate authority's contrary view, holding that the scheme payment fell within the exempt category. The assessee's claim succeeded. Case-Laws Income Tax Wed, 20 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469879