Leave Encashment Limit Enhanced, Full ₹13.12 Lakh Exempt Allowed

Ram Dev Daiya Vs ITO (ITAT Jaipur) Claim of Leave enhanced Encashment Limit allowed;₹13.12 Lakh Leave Encashment Fully Exempt: ITAT Jaipur Applies Liberal Justice in condning 476-Day Delay The Jaipur Bench (SMC) of the ITAT, vide order dated 01.01.2026 in Ram Dev Daiya v. ITO (ITA No. 1280/JPR/2025, AY 2020-21), condoned an extraordinary delay of 476 days and granted full relief to the assessee by allowing complete exemption of ₹13,12,806 on account of leave encashment u/s 10(10AA). The assessee, a 65-year-old retired LIC employee, had claimed exemption for leave encashment received on ...