Full Leave Encashment Exemption Allowed as Claim Was Below Revised ₹25 Lakh Limit

Advertisement Mangla Ram Nimbark Vs ITO (ITAT Jaipur) The appeal before the Income Tax Appellate Tribunal (ITAT), Jaipur, concerned the assessee’s claim for exemption of leave encashment amounting to ₹6,87,030 under Section 10(10AA)(i) of the Income Tax Act for Assessment Year 2018-19. The assessee challenged the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), which had upheld the disallowance of ₹3,87,030 from the claimed exemption. The assessee contended that he was originally an employee of the Department of Telecommunications (DOT), a Cen...