Monetary benefits given to employees of Govt. Co. on its winding up to be treated as retrenchment compensation: HC

INCOME TAX : Where on winding up of Government company, Central Government approved a non-budgetary support with view of rehabilitating its employees, monetary benefits under special package scheme would be in nature of retrenchment compensation under section 10(10B) even though it was styled as VRSINCOME TAX : Where on winding up of Government company, Central Government approved a non-budgetary support with view of rehabilitating its employees, monetary benefits under special package scheme would be in nature of retrenchment compensation under section 10(10B) even though it was styled as VRSwww.taxmann.com Latest Case LawsRead More

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