https://www.taxtmi.com/caselaws?id=762310 Retirement gratuity and leave encashment received on superannuation were held eligible for proportionate exemption where the assessee had served under both a State electricity establishment and a PSU; the exact computation was left for verification by the Assessing Officer. The addition for alleged unexplained mutual fund investment was also not sustained at this stage because the source explanation, including bank records and retirement benefits, required scrutiny. Both matters were remanded for fresh examination, so relief was only partial and depended on verification of the supporting material. en-us Thu, 10 Oct 2024 00:00:00 +0530 Wed, 27 Nov 2024 10:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762310 Retirement gratuity and leave encashment received on superannuation were held eligible for proportionate exemption where the assessee had served under both a State electricity establishment and a PSU; the exact computation was left for verification by the Assessing Officer. The addition for alleged unexplained mutual fund investment was also not sustained at this stage because the source explanation, including bank records and retirement benefits, required scrutiny. Both matters were remanded for fresh examination, so relief was only partial and depended on verification of the supporting material. Case-Laws Income Tax Thu, 10 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762310