https://www.taxtmi.com/caselaws?id=781840 ITAT Pune held that the assessee, an employee of a PSU/nationalized bank, is entitled to exemption on leave encashment under s.10(10AA) for AY 2020-21. Relying on a coordinate bench ruling in a similar fact situation and noting that pay scales of government, PSU, and nationalized bank employees have significantly increased since the last notification of 31.05.2002, the Tribunal found the assessee's claim justified. It also took note of CBDT's subsequent suo motu enhancement of the exemption limit to Rs. 25,00,000. The assessee's appeal was allowed. en-us Fri, 31 Oct 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781840 ITAT Pune held that the assessee, an employee of a PSU/nationalized bank, is entitled to exemption on leave encashment under s.10(10AA) for AY 2020-21. Relying on a coordinate bench ruling in a similar fact situation and noting that pay scales of government, PSU, and nationalized bank employees have significantly increased since the last notification of 31.05.2002, the Tribunal found the assessee's claim justified. It also took note of CBDT's subsequent suo motu enhancement of the exemption limit to Rs. 25,00,000. The assessee's appeal was allowed. Case-Laws Income Tax Fri, 31 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781840