https://www.taxtmi.com/caselaws?id=798285 Delay arising from incorrect professional advice, an employer's Form 16, and lack of awareness of an available exemption may constitute sufficient cause for condonation where comparable scheme-related matters received similar treatment. Compensation under the BSNL Voluntary Retirement Scheme 2019 is characterised as retrenchment compensation when the Cabinet-approved, government-funded scheme functioned as a workforce-reduction and cost-rationalisation measure. On that characterisation, the full compensation falls outside the monetary restriction in the first proviso to section 10(10B) and qualifies for exemption. en-us Mon, 27 Jul 2026 00:00:00 +0530 Fri, 04 Sep 2026 08:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798285 Delay arising from incorrect professional advice, an employer's Form 16, and lack of awareness of an available exemption may constitute sufficient cause for condonation where comparable scheme-related matters received similar treatment. Compensation under the BSNL Voluntary Retirement Scheme 2019 is characterised as retrenchment compensation when the Cabinet-approved, government-funded scheme functioned as a workforce-reduction and cost-rationalisation measure. On that characterisation, the full compensation falls outside the monetary restriction in the first proviso to section 10(10B) and qualifies for exemption. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798285