The Commissioner Of Income-Tax v. Shri.s.n.singade

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.996 OF 2000 The Commissioner of Income-TaxVs.Shri.S.N.Singade WITHINCOME TAX APPEAL NO.997 OF 2000 The Commissioner of Income-TaxVs.Shri.P.L.Dhuri WITHINCOME TAX APPEAL NO.998 OF 2000 The Commissioner of Income-TaxVs.Shri.N.Thayalan ..Appellant..Respondent ..Appellant..Respondent..Appellant..Respondent Mr.B.M.Chatterjee with Mrs.P.P.Bhosale for theAppellants.None for the Respondents. P.C. CORAM :- DR.S.RADHAKRISHNAN &J.P.DEVADHAR,JJ. DATE : 27TH FEBRUARY,2007 1.Heard the learned Counsel for the Appellants. The above Appeals were admitted on the followingsubstantial questions of law: "Whether on the facts and in the circumstancesof the case, the Tribunal was justified in lawin holding that the assessee was entitled toexemption under Section 10(10B) of the IncomeTax Act,1961 in respect of the amount receivedunder the Voluntary Retirement Scheme by theAssessee?" the Circular dated 27th March,2000, we dismiss the above Appeals. (J.P.DEVADHAR,J.) (DR.S.RADHAKRISHNAN,J.)