https://www.taxtmi.com/caselaws?id=26754 Section 10(10AA) was construed to exempt the cash equivalent of unutilised earned leave standing to an employee's credit at retirement, and the expression "otherwise" was read broadly to cover resignation and voluntary retirement. The exemption was therefore not limited to cessation of service on superannuation age alone. On that interpretation, leave encashment received on resignation or voluntary retirement qualified for exemption, and the issue was decided in favour of the assessee. en-us Mon, 10 Dec 1984 00:00:00 +0530 Mon, 08 Feb 2010 12:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26754 Section 10(10AA) was construed to exempt the cash equivalent of unutilised earned leave standing to an employee's credit at retirement, and the expression "otherwise" was read broadly to cover resignation and voluntary retirement. The exemption was therefore not limited to cessation of service on superannuation age alone. On that interpretation, leave encashment received on resignation or voluntary retirement qualified for exemption, and the issue was decided in favour of the assessee. Case-Laws Income Tax Mon, 10 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26754