Clause 206 - Tax relief for arrears or advance receipts. - Direct Taxes Code, 2010

D.—Tax relief in respect of arrears or advance receipts 206. (1) The Assessing Officer shall, on an application made to him by any person, grant such relief as may be prescribed, if the person is in receipt in any financial year of any arrears, or advance, of salary or family pension relating to any other financial year. (2) The relief referred to in sub-section (1) shall not be allowed in respect of any compensation received towards retrenchment, voluntary retirement or termination of service.