SHIVNANDAN NARENDRA SANVORDEKAR,MUMBAI vs. INCOME TAX OFFICER, PANAJI

ITA 141/PAN/2026Status: DisposedITAT Panaji18 June 2026AY 2020-2113 pages
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What were the facts?

Employees of BSNL received amounts under a Voluntary Retirement Scheme (VRS) in 2019. The assessees claimed this amount as retrenchment compensation, eligible for exemption under Section 10(10B) of the Income Tax Act.

What did the Tribunal hold?

The Tribunal held that the amount 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, reversing the CIT(A)'s findings.

What were the issues?

Whether the amount received under the BSNL VRS, 2019, qualifies as retrenchment compensation eligible for exemption under Section 10(10B) or falls under Section 10(10C).

Which sections of the Income-tax Act were involved?

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

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, PANAJI BENCH, ‘SMC’ PANAJI

Before: DR.MANISH BORAD & SHRI VINAY BHAMORE

For Respondent: Smt. Rijula Uniyal
Hearing: 12.06.2026Pronounced: 18.06.2026

PER DR. MANISH BORAD, ACCOUNTANT MEMBER :

The captioned appeals at the instance of two different assessee(s) pertaining to A.Yrs. 2020-21 and 2021-22 are directed against the separate orders framed by Addl/JCIT(A)— 1, Kolkata/Jodhpur (ld. NFAC) passed u/s 250 of the Income T

The order continues below.

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