https://www.taxtmi.com/caselaws?id=461197 ITAT Jaipur allowed the assessee's appeal regarding leave encashment exemption under section 10(10AA)(ii). The revenue authorities limited the exemption to Rs. 3,00,000, but the tribunal accepted the assessee's reliance on notification No. 31/2023 dated 24th May, 2023, which increased the limit to Rs. 25,00,000. Following the precedent in Ram Charan Gupta case, ITAT held that despite the belated issuance of the notification, the assessee was entitled to the higher exemption limit as claimed in the return. en-us Tue, 31 Oct 2023 00:00:00 +0530 Thu, 20 Mar 2025 19:03:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461197 ITAT Jaipur allowed the assessee's appeal regarding leave encashment exemption under section 10(10AA)(ii). The revenue authorities limited the exemption to Rs. 3,00,000, but the tribunal accepted the assessee's reliance on notification No. 31/2023 dated 24th May, 2023, which increased the limit to Rs. 25,00,000. Following the precedent in Ram Charan Gupta case, ITAT held that despite the belated issuance of the notification, the assessee was entitled to the higher exemption limit as claimed in the return. Case-Laws Income Tax Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461197