conflict with rule 2BA.
Section 10(10C): Exemption : Availability and Extent of
9. Section 10(10C) uses the expression "any amount received ... section 17(1) or (3), read with section 43(2) , but the same is exempted from tax by reason of section 10(10C) . This amount
referred to in
this proviso cannot mean any section other thasn Section 10(10C) . This view
draws support from CBDT circular no.657 dated ... specific curtailment of benefits regarding exemption u/s 10(10C) and relief
u/s 89 (1 ). Basically relief contemplated u/s 89(1) is aimed
whether the assessee was entitled to the benefit under section section 10(10C) of the Income Tax Act. The assessee, by his letter dated ... entitle the person the benefit under section 10(10C) of the Act the provisions of section 10(10C) and Rule 2BA should be complied with
source by not giving relief under Section 89(1) of the Act, as exemption under Section 10(10C) of the Act was already granted ... second proviso to Section 10(10C) of the Act, the amount that is not exempted under Section 10(10C) is not to be considered
referred to in this proviso cannot mean any section other than Section 10(10C) . This view draws support from the Central Board of Direct Taxes ... Section 10 would be "profits in lieu of salary". Since the payment received under the voluntary retirement covered under Section 10(10C
also submitted that Section 10(10) and Section 89 are two independent sections, and that in an case Section 89(1) does not grant ... Section 10(10C) and Section 89(1) are two different sections and the reference is specifically for Section 10(10C) . In any case, as rightly
eligible for relief under Section 89(1) as per the proviso provided under Section 10(10C) which says...no exemption thereunder shall be allowed ... under Section 89(1) read with Section 17(3)(1) of the Act over and above the exemption granted under Section 10(10C)(viii
conflict with Rule 2BA.
Section 10(10C) : Exemption : Availability and extent of
9. Section 10(10C) uses the expression "any amount received ... Section 17(1) or (3) r/w Section 43(2) , but the same is exempted from tax by reason of Section 10(10C) . This amount
Sections 15 and 16 and not for any other Sections of the Act. The Finance Act, 1987, inserted clause (10C) in Section 10 to provide ... under the scheme of Section 192 , the petitioners are not entitled for the exemption provided under Section 10(10C) only against the 50 per cent
exemption under Section 10(10C) of the IT Act. As such bank has not allowed the exemption under Section 10(10C ... Section 10(I0C) of the Act are not fulfilled, the assessee is not entitled for exemption under Section 10(10C) of the Act. Hence
