2015 (10) TMI 405

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..... for the appellant has produced copies of various orders passed by this Court in certain appeals arising in identical circumstances and holding that in such cases deduction under Section 10(10C) of the Act would be available to the assessee. The learned counsel appearing for the respondent could not dispute the aforesaid position granting relief to similarly situated persons. We, accordingly, set a .....

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..... mployer viz, ICICI bank retired him from service and paid a sum of ₹ 9,37,490/- as compensation under the aforesaid Scheme. From this amount, a sum of ₹ 3,00,051/- was deducted as income tax from salary and ERO components for the Assessment Year 2004-05. The assessee filed his income tax return for the said Assessment year and claimed exemption to the tune of ₹ 5 lakhs under S .....

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..... s deduction under Section 10(10C) of the Act would be available to the assessee. The learned counsel appearing for the respondent could not dispute the aforesaid position granting relief to similarly situated persons. We, accordingly, set aside the order of the High Court and allow the present appeal holding that the appellant shall be entitled to exemption under Section 10(10C) of the Income Tax .....

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