Tax Demand Deleted as Leave Encashment Amount Was Below Revised Exemption Ceiling

Suman Kumar Jha Vs DCIT (ITAT Ahmedabad) The appeal before the Income Tax Appellate Tribunal (ITAT), Ahmedabad, arose from an order of the Additional Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, relating to Assessment Year 2020-21. The assessee, a retired salaried individual, had filed a return declaring total income of ₹44,05,230 and claimed exemption of ₹15,93,539 under Section 10(10AA) of the Income Tax Act towards earned leave encashment received on retirement. While processing the return under Section 143(1), the Central Processing Centre (CPC) restricted the...