Case Law Details
Case Name : Arvind Kumar Jolly Vs ITO (ITAT Chandigarh)
Related Assessment Year : 2021-22
Courts :
All ITAT ITAT Chandigarh
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Arvind Kumar Jolly Vs ITO (ITAT Chandigarh)
ITAT Chandigarh: ₹25 Lakh Leave Encashment Limit Held Prospective – PSU Retiree Restricted to ₹3 Lakh Exemption
Assessee, a retired employee of Union Bank of India (PSU), received ₹9,56,280 as leave encashment upon superannuation. He claimed the entire amount as exempt u/s 10(10AA), but CPC, Bengaluru, restricted the exemption to ₹3,00,000 under Section 10(10AA)(ii) applicable to non-government employees. CIT(A) dismissed the appeal ex parte, holding that the enhanced limit of ₹25 lakh notified on 24.05.2023 was not applicable to reti...
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Author Bio
Judgement required in Chander Prakash Vashist vs ITO, ITAT Jaipur bench decision Dt 13/10/2025
In Chandra Prakash Vashistha Vs ITO (ITAT Jaipur) ITA. No. 1139/JPR/2025
Dated : 07/10/2025 the decision was the opposite