SEEMA VILAS KHANOLKAR,MUMBAI vs. INCOME TAX OFFICER, WARD 1, RATNAGIRI, RATNAGIRI

ITA 1812/PUN/2026Status: DisposedITAT Pune15 June 2026AY 2020-2114 pages
AI SummaryAllowed

What were the facts?

Assessees received compensation under the BSNL Voluntary Retirement Scheme, 2019. They initially offered this income to tax, claiming partial exemption under Section 10(10C). Subsequently, they sought exemption for the entire amount under Section 10(10B), claiming it as retrenchment compensation.

What did the Tribunal hold?

The Tribunal held that the compensation received under the BSNL VRS-2019 is in the nature of retrenchment compensation and is exempt from tax under Section 10(10B) of the Income Tax Act. The impugned orders of the CIT(A) were set aside.

What were the issues?

Whether compensation received under the BSNL Voluntary Retirement Scheme, 2019, qualifies as retrenchment compensation exempt under Section 10(10B) of the Income Tax Act.

Which sections of the Income-tax Act were involved?

Section 10(10B),Section 10(10C),Section 250

AI-generated summary — verify with the full judgment below

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “SMC”, PUNE BEFORE SHRI Dr. DIPAK P. RIPOTE, ACCOUNTANT MEMBER AND SHRI VINAY BHAMORE, JUDICIAL MEMBER

Sr. ITA Nos. A.Y Appellant Respondent No. 1 1785/PUN/2026 2020-21 Ravikiran Damodar Kudade, ITO, Ward-2(1), C/o. Padvekar Law Chambers, Nashik 408, Maker Bhavan No. 3, 21, New Marine Lines, Mumbai-400020 PAN : AJCPK6957D 2 1786/PUN/2026 2021-22 Ravikiran Damodar Kudade, ITO, Ward-2(1), C/o. Padvekar Law Chambers, Nashik 408, Maker Bhavan No. 3, 21, New Marine Lines, Mumbai-400020 PAN : AJCPK6957D 3 1787/PUN/2026 2020-21 Suresh Namdeorao Patil, ITO, Ward-1, C/o. Padvekar Law Chambers, Dhule 408, Maker Bhavan No. 3, 21, New Marine Lines, Mumbai-400020 PAN : ADVPP1015G 4 1788/PUN/2026 2021-22 Suresh Namdeorao Patil, ITO, Ward-1, C/o. Padvekar Law Chambers, Dhule 408, Maker Bhavan No. 3, 21, New Marine Lines, Mumbai-400020 PAN : ADVPP1015G 5 1789/PUN/2026 2021-22 Suresh Ishwar Ravan, ITO, Ward-1(1), C/o. Padvekar Law Chambers, Kolhapur 408, Maker Bhavan No. 3, 21, New Marine Lines, Mumbai-400020 PAN : AFEPR6670Q 6 1791/PUN/2026 2021-22 Nisha Vyankatesh Kulkarni, DCIT, Circle-12, C/o. Padvekar Law Chambers, Pune 408, Maker Bhavan No. 3,

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