The ITAT allowed relief after considering CBDT Notification No. 31/2023, which increased the leave encashment exemption limit to ₹25 lakh. The assessment and appellate orders were set aside.
The ITAT held that leave encashment of ₹7.65 lakh was fully exempt as it fell within the revised ₹25 lakh ceiling under Notification No. 31/2023. The disallowance made by the lower authorities was deleted.
The ITAT restored the matter to the CIT(A) for fresh adjudication of the leave encashment exemption claim. The assessee was directed to substantiate the claim with supporting material.
The ITAT held that leave encashment of ₹6.97 lakh was fully exempt as it fell within the revised ₹25 lakh ceiling under Notification No. 31/2023. The appeal was allowed accordingly.
The ITAT allowed exemption of the entire leave encashment amount after noting that the revised ₹25 lakh ceiling exceeded the amount received on retirement. The appeal was allowed by applying the enhanced exemption limit.
The ITAT held that leave encashment of ₹20.29 lakh received on retirement qualified for exemption as it was within the revised ₹25 lakh ceiling. The Assessing Officer was directed to allow the full claim.
The ITAT allowed exemption of ₹15.93 lakh towards leave encashment after applying the revised ₹25 lakh ceiling under Notification No. 31/2023. The tax demand raised by the CPC was deleted.
The dispute concerned restriction of leave encashment exemption to ₹3 lakh. The Tribunal allowed the full claim after applying the revised exemption limit of ₹25 lakh.
The ITAT held that leave encashment of ₹17.68 lakh qualified for exemption under Section 10(10AA) since it was within the revised ₹25 lakh ceiling. The appeal was allowed on the basis of the enhanced exemption limit.
The dispute concerned partial denial of leave encashment exemption under Section 10(10AA). The Tribunal granted relief after finding that the amount claimed fell within the revised exemption limit.
