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Assessee received leave encashment amount upon retirement, bifurcated into sums from Department of Telecommunications (Govt. of India) and BSNL. ITAT held amount from DoT exempt u/s 10(10AA)(i) as Central Govt. employee. Remaining BSNL amount, being less than Rs. 3 lakh, also exempt u/s 10(10AA)(ii) for non-govt employees. Denial of exemption u/s 10(10AA) reversed; appeal allowed.
Assessee received leave encashment amount upon retirement, bifurcated into sums from Department of Telecommunications (Govt. of India) and BSNL. ITAT held amount from DoT exempt u/s 10(10AA)(i) as Central Govt. employee. Remaining BSNL amount, being less than Rs. 3 lakh, also exempt u/s 10(10AA)(ii) for non-govt employees. Denial of exemption u/s 10(10AA) reversed; appeal allowed.
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