PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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Leave encashment exemption for a non-Government employee under section 10(10AA) was held to be computable on the basis of the revised CBDT ceiling applicable for AY 2020-21. Following its earlier decision and co-ordinate Bench rulings, the ITAT accepted that the enhanced limit applied, so the restriction made by the lower authorities to the earlier ceiling could not stand. The matter was remanded only for recomputation of the admissible exemption on the revised ceiling, with consequential deletion of the addition to that extent.
Leave encashment exemption for a non-Government employee under section 10(10AA) was held to be computable on the basis of the revised CBDT ceiling applicable for AY 2020-21. Following its earlier decision and co-ordinate Bench rulings, the ITAT accepted that the enhanced limit applied, so the restriction made by the lower authorities to the earlier ceiling could not stand. The matter was remanded only for recomputation of the admissible exemption on the revised ceiling, with consequential deletion of the addition to that extent.
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