HC allowed assessee’s request to allow sec. 10(10C) exemption after SC ruling even if same wasn’t claimed in ITR

INCOME TAX : Where assessee, an employee of a bank, did not claim exemption under section 10(10C) on amount received by him on early voluntary retirement from bank, however, later on claimed same on basis of a dictum of Supreme Court in case of another employee of same bank, assessee was to be allowed exemption under section 10(10C) even if same was not claimed by him in his return of incomeINCOME TAX : Where assessee, an employee of a bank, did not claim exemption under section 10(10C) on amount received by him on early voluntary retirement from bank, however, later on claimed same on basis of a dictum of Supreme Court in case of another employee of same bank, assessee was to be allowed exemption under section 10(10C) even if same was not claimed by him in his return of incomewww.taxmann.com Latest Case LawsRead More

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