RYALI VENKATA RAMAGOPAL,RAJAVOLU vs. INCOME TAX OFFICER, WARD 1(1), RAJAMAHENDRAVAM

ITA 275/VIZ/2026Status: DisposedITAT Visakhapatnam29 July 2026AY 2021-2215 pages
AI SummaryAllowed

What were the facts?

Assessees, employees of BSNL, opted for a Voluntary Retirement Scheme (VRS) and received compensation. They later claimed exemption for this compensation under Section 10(10B) of the Income-tax Act, 1961, before the appellate authorities, citing ignorance of law and subsequent favorable judicial precedents.

What did the Tribunal hold?

The Tribunal held that the compensation received by BSNL employees under the VRS-2019 scheme is eligible for exemption under Section 10(10B) of the Act. The Assessing Officer was directed to verify the claims and allow the exemption.

What were the issues?

Whether compensation received under BSNL VRS-2019 is eligible for exemption under Section 10(10B) and whether fresh claims for exemption can be entertained at the appellate stage.

Which sections of the Income-tax Act were involved?

Section 10(10B),Section 143(1),Section 154,Section 119(2)(b),Section 244A

AI-generated summary — verify with the full judgment below

आयकर अपीलीय अधिकरण, विशाखापत्तनम पीठ, विशाखापत्तनम INCOME TAX APPELLATE TRIBUNAL, VISAKHAPATNAM BENCH, VISAKHAPATNAM BENCH: SMC श्री विजय पाल राि, माननीय उपाध्यक्ष एिं श्री मंजूनाथ जी, माननीय लेखा सदस्य SHRI VIJAY PAL RAO, HON’BLE VICE PRESIDENT AND SHRI MANJUNATHA G, HON’BLE ACCOUNTANT MEMBER

Sl. Appealed No. I.T.A.No. Name of Appellant Name of against the Respondent A.Y. Order of 1&2 274 and Ryali Venkata ITO, Addl/JCIT (A)-3, 2020-21 & Chennai, dated 275/Viz/2026 Ramgopal Ward-1(1), 2021-22 20.01.2026 PAN: ACJPR9554M Rajahmundry 3&4 276 and ITO, 2020-21 & Addl/JCIT (A)-1, Abudl Munaf Shaik 2021-22 Lucknow, dated 277/Viz/2026 Ward-1(1), PAN: AIEPS6505J 28.01.2026 Vijayawada 5&6 278 and Vishnu Murthy Kala ITO, Addl/JCIT (A)-3, 2020-21 & Delhi, dated 279/Viz/2026 PAN: AHZPK5956D Ward-1, 2021-22 09.02.2026 Bhimavaram 7&8 280 and Venkata Satya ITO, Addl/JCIT (A)-1, 2020-21 & Nashik, dated 281/Viz/2026 Rajswara Rao Ward-1(1), 2021-22 11.03.2026 PAN: ABWPC8741K Rajahmundry 9& 282 and Srinivasa Rao Turaga ITO, Addl/JCIT (A)-1, 2020-21 Lucknow, dated 10 283/Viz/2026 PAN: ABJPT4830D Ward-1, 21.01.2026 Kakinada 11 284/Viz/2026 Lakshmi Narayana ITO, 2021-22 Addl/JCIT (A)-1, Nashik, dated

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