Topic

section 10(10B)

2 articlesLatest 0 month ago
BSNL VRS 2019 Compensation Exempt under Section 10(10B) Even When Claimed First in Appeal | ITAT Agra : ITAT
Case Law Analysis
|Income Tax Appellate Tribunal

BSNL VRS 2019 Compensation Exempt under Section 10(10B) Even When Claimed First in Appeal | ITAT Agra : ITAT

The ITAT Agra held that ex gratia payments received under BSNLs Voluntary Retirement Scheme 2019 qualify for full exemption under section 10 10B of the Income Tax Act even if the exemption is claimed for the first time in appeal. The ruling benefits BSNL employees who opted for VRS 2019 clarifying that the fresh claim doctrine allows retrospective exemption claims.

BSNL VRS Compensation Exempt under Sec 10(10B) and 1578-day Appeal Delay Condoned as Sufficient Cause under Sec 249(3) | Taxability & Appeal Timing : ITAT Ahmedabad
Case Law Analysis
|Income Tax Appellate Tribunal

BSNL VRS Compensation Exempt under Sec 10(10B) and 1578-day Appeal Delay Condoned as Sufficient Cause under Sec 249(3) | Taxability & Appeal Timing : ITAT Ahmedabad

The ITAT ruled that the ex-gratia payment received by a former BSNL employee is a capital receipt exempt under Sec 10(10B) of the Income-Tax Act. It also treated a 1578-day filing delay as ‘sufficient cause’ under Sec 249(3), allowing the appeal to proceed. This benefits taxpayers receiving VRS and facing procedural delays.

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