https://www.taxtmi.com/caselaws?id=461077 ITAT Jaipur allowed the appeal of a retired bank employee regarding leave encashment exemption under section 10(10AA)(i). The AO had rejected the claim and CIT(A) upheld the rejection. However, CBDT had revised the exemption limit to Rs. 25,00,000 vide notification 31/2023. Since the assessee's leave encashment amount was below this revised limit, ITAT directed the AO to allow the deduction claim within the prescribed limit, granting relief to the assessee. en-us Tue, 27 Jun 2023 00:00:00 +0530 Tue, 11 Mar 2025 18:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461077 ITAT Jaipur allowed the appeal of a retired bank employee regarding leave encashment exemption under section 10(10AA)(i). The AO had rejected the claim and CIT(A) upheld the rejection. However, CBDT had revised the exemption limit to Rs. 25,00,000 vide notification 31/2023. Since the assessee's leave encashment amount was below this revised limit, ITAT directed the AO to allow the deduction claim within the prescribed limit, granting relief to the assessee. Case-Laws Income Tax Tue, 27 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461077