https://www.taxtmi.com/caselaws?id=446770 The ITAT Visakhapatnam allowed the assessee's appeal regarding leave encashment exemption under section 10(10AA). The assessee, who joined the Department of Telecom in 1981 and was absorbed into BSNL in 2000 through Presidential Order, was entitled to full exemption on leave encashment of 280 days (Rs. 8,60,776) earned before absorption and 20 days (Rs. 61,484) under subsection 2. The decision followed a coordinate bench ruling in a similar case, granting the benefit of complete exemption for pre-absorption leave encashment. en-us Wed, 29 Nov 2023 00:00:00 +0530 Sat, 09 Dec 2023 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446770 The ITAT Visakhapatnam allowed the assessee's appeal regarding leave encashment exemption under section 10(10AA). The assessee, who joined the Department of Telecom in 1981 and was absorbed into BSNL in 2000 through Presidential Order, was entitled to full exemption on leave encashment of 280 days (Rs. 8,60,776) earned before absorption and 20 days (Rs. 61,484) under subsection 2. The decision followed a coordinate bench ruling in a similar case, granting the benefit of complete exemption for pre-absorption leave encashment. Case-Laws Income Tax Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446770