Court held that, assessee, who retired from ICICI Bank under early retirement option scheme, is entitled to benefit of exemption under S. 10(10C), even though the assessee had filed revised return under S. 139(5), for relevant year beyond prescribed time period .( AY.2004 -05)
N. Annamalai v. PCIT (2018) 257 Taxman 192 (Mad)( HC)
S. 10(10C) :Public sector companies – Voluntary retirement scheme -ICICI Bank- Early Retirement Option Scheme- Entitled to exemption even though the assessee had filed revised return under S. 139(5), for relevant year beyond prescribed time period. [ S.139(5) ]