As per second proviso to Section 10 (C), once this exemption is allowed in an assessment year, no exemption will be allowed thereafter in relation to any other assessment year.
Quantum of tax exemption under 10 (C)
BSNL CORPORATE OFFICE LETTER DATED 11-2-2020
SUB : QUANTUM OF TAX EXEMPTION AVAILABLE TO AN ELIGIBLE BSNL-VRS- 2019 OPTEE UNDER SECTION 10 (10C) OF IT ACT 1961 READ WITH RULE 2BA OF IT RULES 1962 .
This exemption is to be provided ONE TIME only in a single assessment year upon first time receipt of ex-gratia.
Quantum of tax exemption under 10 (C)