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TMI Blog2019 (4) TMI 969X X X X Extracts X X X X X X X X Extracts X X X X ..... Mrs.S.Srimathy, learned standing counsel For the Respondent : No Appearance COMMON JUDGEMENT DR.VINEET KOTHARI, J. The Revenue Department has filed these appeals aggrieved by the order passed by the learned Single Judge, by which, the learned Single Judge allowed the writ petitions filed by the respondents/assessee, who claimed exemption under Section 10(10C) of Income Tax Act, 1961, with resp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... also by the Madras High Court itself in the case of S.Parthasarathy V. The Assistant Commissioner of Income Tax in Tax Case (Appeal) Nos.1210, 1217, 1249 and 1250 of 2009 decided by the Division Bench of this Court dated 23.12.2009, in which, it was held that such amount received on voluntary retirement by the assessee, the retiring employees would be exempted under Section 10(10C) of the Act. 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ra and has been concluded by a series of judgments by different High Courts including the Madras High Court, which has been approved by the Hon'ble Supreme Court as well and one such order is produced by the learned counsel for the appellants herself in the case of Chandra Renganathan and other Vs. CIT, Chennai in Civil Appeal Nos.6997-7002 of 2009 decided by the Apex Court on 21.10.2009. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... herein, it was submitted that in view of the said Circular, the respondent herein, it was submitted that in view of the said Circular, the respondent would allow the benefit of deduction to the appellants under Section 10(10C) of the Income Tax Act, 1961, as far as the retired employees of the Reserve Bank of India are concerned. Having regard to the above, the appeals succeed and are allowed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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