https://www.taxtmi.com/caselaws?id=778016 ITAT (Delhi) allowed the appeal, holding the assessee entitled to exemption for leave encashment under s.10(10AA) up to the revised CBDT limit of Rs.2,500,000. The AO's denial based on employment with a bank (not central/state government) was set aside because the claimed amount fell below the revised exempt threshold. The AO was directed to allow the deduction within the prescribed limit. en-us Thu, 28 Aug 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778016 ITAT (Delhi) allowed the appeal, holding the assessee entitled to exemption for leave encashment under s.10(10AA) up to the revised CBDT limit of Rs.2,500,000. The AO's denial based on employment with a bank (not central/state government) was set aside because the claimed amount fell below the revised exempt threshold. The AO was directed to allow the deduction within the prescribed limit. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778016