ITA No.3261/PUN/2026 and others

Parties Involved

Facts Summary

The case pertains to appeals filed by various assessees against orders passed by the Additional Commissioner of Income Tax (Appeals) regarding the taxability of amounts received by employees of Bharat Sanchar Nigam Limited (BSNL) under the BSNL Voluntary Retirement Scheme, 2019. The assessees argued that the amounts received were in the nature of retrenchment compensation and exempt under section 10(10B) of the Income Tax Act, 1961. The Revenue argued that the amounts were received under a voluntary retirement scheme and thus taxable under section 10(10C). The Tribunal found that the amounts were indeed retrenchment compensation and exempt under section 10(10B).…

Legal Issues

• 1. Whether the amount received by the employees of BSNL on account of retirement under the BSNL Voluntary Retirement Scheme, 2019 is in the nature of retrenchment compensation and a Capital Receipt, eligible for exemption u/s.10(10B) of the Act.

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

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