https://www.taxtmi.com/caselaws?id=780198 ITAT held that section 10(10AA)(i) applies only to Central/State Government employees and does not extend to statutory corporations or government-owned companies; employees of PSUs/utility are governed by clause (ii) and the leave encashment exemption is therefore capped at Rs. 3,00,000. Relying on its coordinate decision, the Tribunal dismissed the assessee's appeal and allowed exemption only up to Rs. 3,00,000. en-us Wed, 08 Oct 2025 00:00:00 +0530 Sat, 25 Oct 2025 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780198 ITAT held that section 10(10AA)(i) applies only to Central/State Government employees and does not extend to statutory corporations or government-owned companies; employees of PSUs/utility are governed by clause (ii) and the leave encashment exemption is therefore capped at Rs. 3,00,000. Relying on its coordinate decision, the Tribunal dismissed the assessee's appeal and allowed exemption only up to Rs. 3,00,000. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780198