https://www.taxtmi.com/caselaws?id=796911 BSNL Voluntary Retirement Scheme-2019 ex-gratia compensation is treated as retrenchment compensation eligible for exemption under section 10(10B) where its substantive character satisfies that requirement, even if the exemption was not claimed in the original return. Delays in challenging section 143(1) intimations may be condoned where employees relied on incorrect professional advice, lacked awareness of the exemption, and comparable delays have received consistent relief. Individual claims require verification, followed by grant of the applicable exemption and consequential refund and interest in accordance with law. en-us Wed, 15 Jul 2026 00:00:00 +0530 Wed, 12 Aug 2026 10:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796911 BSNL Voluntary Retirement Scheme-2019 ex-gratia compensation is treated as retrenchment compensation eligible for exemption under section 10(10B) where its substantive character satisfies that requirement, even if the exemption was not claimed in the original return. Delays in challenging section 143(1) intimations may be condoned where employees relied on incorrect professional advice, lacked awareness of the exemption, and comparable delays have received consistent relief. Individual claims require verification, followed by grant of the applicable exemption and consequential refund and interest in accordance with law. Case-Laws Income Tax Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796911