Leave Encashment Dispute Remanded as Assessee Was Denied Opportunity of Hearing

Satish Kumar Thakur Vs ITO (ITAT Chandigarh) The appeal before the Income Tax Appellate Tribunal (ITAT), Chandigarh, arose from an order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), which had upheld a rectification order passed under Section 154 of the Income Tax Act, 1961. The dispute concerned the tax exemption available on leave encashment received by the assessee. The assessee had claimed exemption of ₹18,13,500 under Section 10(10AA)(i), whereas the CPC, Bengaluru, through a rectification order, allowed exemption only under Section 10(10AA)(ii), r...