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INCOME TAX APPELLATE TRIBUNAL (PUNE BENCH)
MANISH BORAD, Accountant Member
Meghmala Sudhir Pathak – Appellant
Versus
Income Tax Officer – Respondent
| Table of Content |
|---|
| 1. bsnl vrs 2019 compensation as retrenchment under revival plan. (Para 1 , 2 , 3 , 4) |
| 2. assessee arguments for s.10(10b) exemption; dr opposes. (Para 5 , 6 , 7) |
| 3. prior cit(a)/tribunal rulings allow new s.10(10b) claims. (Para 8) |
| 4. appeals allowed; revised computation for refund. (Para 9 , 10) |
आदेश/ORDER
The captioned appeals at the instance of respective assessee(s) pertaining to A.Yrs. 2020-21 and 2021-22 are directed against the separate orders framed by Addl/JCIT(A)-2, Ahmedabad/National Faceless Appeal Centre, Delhi arising of respective Intimation orders passed u/s.143(1)(a) of the Act.
2. Since common issues have been raised in the above appeals I proceed to adjudicate these appeals by way of this consolidated order for the sake of convenience.
3. The common issue raised in these bunch of appeals is that whether the amount received from Bharat Sanchar Nigam Limited (BSNL) on account of the forced retirement through the BNSL Voluntary Retirement Scheme, 2019 is in the nature of Retrenchment Compensation and is a Capital receipt not liable to be taxed as per the provisions of section 10(10B) of the Act.
4. Brief facts relating to all the assessee(s) in the instant
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