2012 (1) TMI 58

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..... of this Court in case of CIT vs Harendra Natah Tripathi and CIT vs Subhash Chand Goyal (2010 -TMI - 208707 - ALLAHABAD HIGH COURT) and their being no decision to the contrary, the present appeal does not raise any question of law which requires to be decided by this Court. Further, relief u/s 89(1) is also admissible in such a case – Decided in favor of assessee. - INCOME TAX APPEAL No. - 541 .....

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..... ption U/s.10(10C) of the Income tax Act, 1961 to its employees?" Briefly stated, the facts giving rise to the present appeal are as follows. The respondent assessee was an bank employee in Reserve Bank of India and took voluntary retirement under the V.R.S. floated by the bank. He received a lump sum amount as ex-gratia payment for opting under the scheme for retirement. He claimed a sum o .....

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..... s Court has held that relief under section 89(1) of the Act is also admissible in such a case. The aforesaid decision was followed by this Court subsequently in Income Tax Appeal No. 331 of 2007 Commissioner of Income Tax Versus Subhash Chand Goyal decided on 22.07.2010. Sri Chopra, learned counsel could not point out any distinguishing feature so as to enable this Court to take any different .....

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