Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
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Leave encashment exemption under section 10(10AA)(ii) was held to remain capped at Rs. 3 lakh for the year under consideration, because the enhanced limit notified later operated only prospectively from 01.04.2023. The ITAT accepted that the limit should have been revised earlier, but followed the Kerala High Court in Ramesan P. A. and held that retrospective revision could not be directed since issuance of the notification was a matter of executive policy. The Delhi High Court notice order relied on by the assessee in Kamal Kumar Kalia was not treated as binding. The appeal was dismissed and the section 143(1) adjustment sustained.
Leave encashment exemption under section 10(10AA)(ii) was held to remain capped at Rs. 3 lakh for the year under consideration, because the enhanced limit notified later operated only prospectively from 01.04.2023. The ITAT accepted that the limit should have been revised earlier, but followed the Kerala High Court in Ramesan P. A. and held that retrospective revision could not be directed since issuance of the notification was a matter of executive policy. The Delhi High Court notice order relied on by the assessee in Kamal Kumar Kalia was not treated as binding. The appeal was dismissed and the section 143(1) adjustment sustained.
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