2017 (3) TMI 1181

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....ssessee is directed against the order of ld. Commissioner of Income Tax (Appeals), Asansol dated 22.04.2014 and the solitary issue arising out of the same relates to the disallowance of assessee's claim for exemption of Rs. 5,00,000/- under section 10(10C) of the Income Tax Act, 1961. 2. The assessee in the present case is an individual , who was working as Deputy Manager (Finance), ISP, Ramnag....

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....-11. He also noted that in Form No. 16 issued for A.Y. 2010-11, no exemption under section 10(10C) was shown by the employer. Accordingly, the application filed by the assessee claiming exemption under section 10(10C) by way of rectification under section 154 was rejected by the Assessing Officer vide an order dated 17.06.2011. 3. Against the order passed by the Assessing Officer under section ....

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....s year relevant to A.Y. 2010-11, but the same was also included in his total income and tax was also deducted in A.Y. 2010-11. The assessee, in my opinion, thus was entitled to claim the exempt ion under section 10(10C) for A.Y. 2010-11 as claimed and not in A.Y. 2009- 10 as held by the authorities below. Moreover, a mere fact that the exemption under section 10(10C) was not shown by the employer ....