₹25-lakh Leave Encashment Allowed as Higher Limit Applied Due to Tribunal Precedent

Govardhan Deepchand Bhambhani Vs ITO (ITAT Ahmedabad)

The assessee filed an appeal before the Income Tax Appellate Tribunal (ITAT) Ahmedabad against the order dated 9 December 2023 passed by the Additional Commissioner of Income Tax (Appeals)-9, Delhi. The appeal concerns the assessment year 2020-21 and arises from an intimation issued under section 143(1) of the Income Tax Act, 1961. The assessee, an individual retired from Punjab National Bank, filed a return of income on 25 December 2020 declaring total income of ₹5,82,970 and claimed exemption of ₹7,65,404 as leave encashme

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