https://www.taxtmi.com/caselaws?id=467057 Condonation of delay was granted after an unchallenged affidavit explaining late filing, permitting the appeal to proceed. A fiscal notification raising the leave-encashment exemption ceiling to a higher amount for non-government employees was treated as beneficial and held applicable with retrospective effect, resulting in exclusion of the impugned leave-encashment from taxable income to the extent of the revised ceiling. On that basis the assessment and appellate order were set aside and the assessing authority directed to give effect to the revised exemption, producing relief for the assessee. en-us Thu, 31 Jul 2025 00:00:00 +0530 Tue, 03 Mar 2026 17:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467057 Condonation of delay was granted after an unchallenged affidavit explaining late filing, permitting the appeal to proceed. A fiscal notification raising the leave-encashment exemption ceiling to a higher amount for non-government employees was treated as beneficial and held applicable with retrospective effect, resulting in exclusion of the impugned leave-encashment from taxable income to the extent of the revised ceiling. On that basis the assessment and appellate order were set aside and the assessing authority directed to give effect to the revised exemption, producing relief for the assessee. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467057