https://www.taxtmi.com/caselaws?id=447862 ITAT Jabalpur held that appellate authorities can entertain fresh claims during proceedings, following SC precedent in Goetze (India) Ltd. The assessee, who superannuated from Madhya Pradesh Power Management Co. Ltd. (formerly MP State Electricity Board), claimed leave encashment exemption under sections 10(10AA)(i) and 10(10AA)(ii). Following ITAT Ahmedabad's decision in Liyakatali Chhotumiya Saiyed case involving similar facts with BSNL employee, the tribunal restored the matter to AO for determining proportionate exemption based on government and PSU service periods. Appeal decided in assessee's favor for statistical purposes. en-us Wed, 20 Sep 2023 00:00:00 +0530 Sat, 06 Jan 2024 07:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447862 ITAT Jabalpur held that appellate authorities can entertain fresh claims during proceedings, following SC precedent in Goetze (India) Ltd. The assessee, who superannuated from Madhya Pradesh Power Management Co. Ltd. (formerly MP State Electricity Board), claimed leave encashment exemption under sections 10(10AA)(i) and 10(10AA)(ii). Following ITAT Ahmedabad's decision in Liyakatali Chhotumiya Saiyed case involving similar facts with BSNL employee, the tribunal restored the matter to AO for determining proportionate exemption based on government and PSU service periods. Appeal decided in assessee's favor for statistical purposes. Case-Laws Income Tax Wed, 20 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447862