2006 (3) TMI 103

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..... -tax Appellate Tribunal in I.T.A. No. 1814/Mds/2004, dated November 11, 2005. The Revenue is the appellant. The assessment year involved is 2001-02. The case of the appellant is that the assessee/respondent herein, availed of the benefit of the voluntary retirement scheme and claimed exemption of the amount of compensation received, both under section 10(10C) and section 89(1) of the Income-tax A .....

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..... assessee is eligible to claim simultaneous benefit under section 10(10C) as well as section 89(1) in respect of the compensation received under the voluntary retirement scheme?" It is fairly conceded by learned counsel appearing for the Revenue that the issue raised in the above question is squarely covered against the Revenue by the decision of this court in CIT v. G.V. Venugopal [2005] 273 ITR .....

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