https://www.taxtmi.com/caselaws?id=461078 The Tribunal allowed the appeal, determining that the assessee was entitled to a full exemption under Section 10(10AA)(i) of the Income Tax Act for the leave encashment amount of Rs. 6,87,030/-. The Tribunal applied the revised exemption limit of Rs. 25,00,000, as set by the CBDT, and found that the amount claimed was within this permissible limit. The decision overruled the CIT(A)'s previous disallowance, directing the Assessing Officer to permit the claimed deduction, aligning with the precedent set in the case of Shri Ram Charan Gupta. en-us Wed, 04 Oct 2023 00:00:00 +0530 Tue, 11 Mar 2025 14:10:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461078 The Tribunal allowed the appeal, determining that the assessee was entitled to a full exemption under Section 10(10AA)(i) of the Income Tax Act for the leave encashment amount of Rs. 6,87,030/-. The Tribunal applied the revised exemption limit of Rs. 25,00,000, as set by the CBDT, and found that the amount claimed was within this permissible limit. The decision overruled the CIT(A)'s previous disallowance, directing the Assessing Officer to permit the claimed deduction, aligning with the precedent set in the case of Shri Ram Charan Gupta. Case-Laws Income Tax Wed, 04 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461078