https://www.taxtmi.com/caselaws?id=795331 Compensation under the BSNL Voluntary Retirement Scheme, 2019, is discussed as retrenchment compensation rather than voluntary-retirement compensation because the scheme formed part of a Government-approved workforce-reduction revival plan. On that characterisation, the notes state that the payment qualifies as a capital receipt exempt under Section 10(10B) of the Income-tax Act, rather than being governed by Section 10(10C). They also record that delay in pursuing exemption claims may be condoned where returns were filed on professional advice, sufficient cause exists, and consistent treatment is needed on identical facts. Revised computations may be submitted for verification and consequential refund where due. en-us Mon, 15 Jun 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795331 Compensation under the BSNL Voluntary Retirement Scheme, 2019, is discussed as retrenchment compensation rather than voluntary-retirement compensation because the scheme formed part of a Government-approved workforce-reduction revival plan. On that characterisation, the notes state that the payment qualifies as a capital receipt exempt under Section 10(10B) of the Income-tax Act, rather than being governed by Section 10(10C). They also record that delay in pursuing exemption claims may be condoned where returns were filed on professional advice, sufficient cause exists, and consistent treatment is needed on identical facts. Revised computations may be submitted for verification and consequential refund where due. Case-Laws Income Tax Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795331