2015 (10) TMI 405

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....r. Rana Mukherjee, Sr. Adv., Ms. Aishwarya Bhati, Adv., Ms. Anil Katiyar, Adv., Mr. B. V. Balaram Das,Adv. ORDER The appellant/assessee was an employee of ICICI bank. He sought voluntary retirement under the Early Retirement Option (ERO), 2003 Scheme. Accepting his request his employer viz, ICICI bank retired him from service and paid a sum of Rs. 9,37,490/- as compensation under the aforesa....

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....le 2BA of the Income Tax Rules, provisions of Section 10(10C) of the Act would not apply. Learned counsel for the appellant has produced copies of various orders passed by this Court in certain appeals arising in identical circumstances and holding that in such cases deduction under Section 10(10C) of the Act would be available to the assessee. The learned counsel appearing for the respondent c....