2009 (3) TMI 56

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.... Court was delivered by P. P. S. Janarthana Raja, J. - The above Tax Case Appeal is filed by the Revenue against the order of the Income Tax Appellate Tribunal, "C" Bench, Chennai, dated 21st April, 2006 passed in I.T.A.No.1258/Mds/2004 by raising the following Question of Law. "Whether the amount paid to employees under the Voluntary Retirement Scheme is entitled for deduction ? " 2. The....

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....ption of Rs.5 lakhs as per the provisions of Section 10(10C) of the Act and the balance ex-gratia was admitted as income. However, while computing the tax payable, the assessee claimed relief under Section 89(1) of the Act. The Assessing Officer rejected the claim for the relief under Section 89(1) of the Act. Aggrieved by that order, the assessee preferred an appeal before the Commissioner of Inc....