https://www.taxtmi.com/caselaws?id=794598 Delay in filing the first appeal was condoned on the basis of sufficient cause, with substantial justice preferred over technical objections. On the substantive issue, compensation received by BSNL employees under the Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation and a capital receipt, not merely voluntary retirement compensation. The amount was held exempt under section 10(10B) and not taxable under section 10(10C), following coordinate Bench precedent. The appellate orders were reversed and full relief was granted to the assessees. en-us Thu, 18 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794598 Delay in filing the first appeal was condoned on the basis of sufficient cause, with substantial justice preferred over technical objections. On the substantive issue, compensation received by BSNL employees under the Voluntary Retirement Scheme, 2019 was treated as retrenchment compensation and a capital receipt, not merely voluntary retirement compensation. The amount was held exempt under section 10(10B) and not taxable under section 10(10C), following coordinate Bench precedent. The appellate orders were reversed and full relief was granted to the assessees. Case-Laws Income Tax Thu, 18 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794598