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

Dashrath Kumar Sen Vs ACIT (ITAT Jaipur) The appeal before the Income Tax Appellate Tribunal (ITAT), Jaipur, arose from an order of the National Faceless Appeal Centre (NFAC) dated 12 August 2024 relating to Assessment Year 2020-21. The dispute concerned the assessee’s claim for exemption of leave encashment amounting to ₹9,60,409 under Section 10(10AA) of the Income Tax Act. The assessee, a retired employee of Bharat Sanchar Nigam Limited (BSNL), had claimed exemption of the entire leave encashment amount in a revised return. However, during scrutiny assessment under Section 143(3) read w...