https://www.taxtmi.com/caselaws?id=789849 An enhancement of the leave encashment exemption ceiling under section 10(10AA) was held to operate prospectively from 01.04.2023, so a non-government employee who retired before that date could not claim the higher limit. The earlier exemption cap of Rs. 3,00,000 remained applicable because the later Notification No. 31/2023 did not apply retrospectively. The text relies on the principle that revision of the ceiling is within the executive domain and, absent a binding mandate, a later notification cannot extend enhanced relief to prior retirements. en-us Fri, 10 Apr 2026 00:00:00 +0530 Wed, 15 Apr 2026 09:05:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789849 An enhancement of the leave encashment exemption ceiling under section 10(10AA) was held to operate prospectively from 01.04.2023, so a non-government employee who retired before that date could not claim the higher limit. The earlier exemption cap of Rs. 3,00,000 remained applicable because the later Notification No. 31/2023 did not apply retrospectively. The text relies on the principle that revision of the ceiling is within the executive domain and, absent a binding mandate, a later notification cannot extend enhanced relief to prior retirements. Case-Laws Income Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789849