https://www.taxtmi.com/caselaws?id=767605 ITAT Ahmedabad allowed assessee's appeal regarding leave encashment exemption under section 10(10AA). The assessee was initially denied benefit of Notification No.31/2023 dated 24-05-2023 which revised the leave encashment exemption limit from Rs. 3 lakh to Rs. 25 lakh. Following the coordinate bench decision in Govind Chhatwani case, ITAT held that since the assessee's leave encashment amount was below the revised limit of Rs. 25 lakh, the exemption should be allowed. The AO was directed to grant the deduction within the revised prescribed limit. en-us Tue, 18 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767605 ITAT Ahmedabad allowed assessee's appeal regarding leave encashment exemption under section 10(10AA). The assessee was initially denied benefit of Notification No.31/2023 dated 24-05-2023 which revised the leave encashment exemption limit from Rs. 3 lakh to Rs. 25 lakh. Following the coordinate bench decision in Govind Chhatwani case, ITAT held that since the assessee's leave encashment amount was below the revised limit of Rs. 25 lakh, the exemption should be allowed. The AO was directed to grant the deduction within the revised prescribed limit. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767605