https://www.taxtmi.com/caselaws?id=467056 The note addresses entitlement to leave encashment exemption under Section 10(10AA), concluding that the assessee, a bank employee, qualifies for exemption to the extent the claimed amount falls within the revised statutory ceiling; the tribunal applied the CBDT Notification revising the exemption ceiling to permit the claim. The operative effect is that the assessee's claimed leave encashment is allowable because it is below the revised limit and the assessing officer is directed to grant the exemption within that revised ceiling. en-us Mon, 21 Apr 2025 00:00:00 +0530 Mon, 02 Mar 2026 15:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467056 The note addresses entitlement to leave encashment exemption under Section 10(10AA), concluding that the assessee, a bank employee, qualifies for exemption to the extent the claimed amount falls within the revised statutory ceiling; the tribunal applied the CBDT Notification revising the exemption ceiling to permit the claim. The operative effect is that the assessee's claimed leave encashment is allowable because it is below the revised limit and the assessing officer is directed to grant the exemption within that revised ceiling. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467056