2026 (5) TMI 1468

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....e instance of assessee pertaining to A.Y. 2019-20 is directed against the order dated 06.03.2025 framed by National Faceless Appeal Centre, Delhi arising out of Assessment Order dated 23.03.2024 passed u/s. 147 r.w.s.144B of the Income Tax Act, 1961 (in short 'the Act'). 2. At the outset, ld. Counsel for the assessee requested for not pressing the legal issues raised in Grounds of appeal No.1 a....

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....hat the assessee is an individual and was employed with Pfizer Healthcare India Pvt. Ltd. and his services were terminated on account of closure of the plant and the termination has been done under the Voluntary Retirement Scheme, In the proceedings carried out u/s. 147 r.w.s.144B of the Act, one of the issue was regarding the denial of relief u/s. 89(1) of the Act at Rs. 1,86,618/-. Ld.CIT(A) con....

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....get exemption u/s. 10(10C) of the Act along with relief u/s. 89(1) of the Act. Ld. Counsel for the assessee drew my attention to the calculation part to indicate that there has been some calculation error on multiple occasions for the correct amount of relief which the assessee(s) deserves relief. Ld. Counsel also drew my attention to the judgments passed by the Hon'ble Jurisdictional High Court i....

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....ed u/s. 89(1) of the Act by the assessee(s) in light of settled judicial precedents (referred supra). Needless to mention that ld. JAO in the set aside proceedings shall accord reasonable opportunity to the assessee(s). Effective grounds of appeal raised by the assessee in both the appeals are allowed for statistical purposes." 8. In light of the above decision and the same being squarely appli....