https://www.taxtmi.com/caselaws?id=469021 Leave encashment exemption under Section 10(10AA) was held to extend to non-government retired employees up to the revised limit of Rs. 25,00,000, following the CBDT notification dated 24.05.2023. The Tribunal applied earlier co-ordinate bench rulings that treated the enhancement as retrospective from 01.04.2023 and applicable to private employees as well, so the earlier ceiling of Rs. 3,00,000 was no longer sustainable. On that basis, the disallowance made by the lower authorities was deleted and the assessee was entitled to exemption within the revised limit. en-us Tue, 07 Apr 2026 00:00:00 +0530 Fri, 29 May 2026 19:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469021 Leave encashment exemption under Section 10(10AA) was held to extend to non-government retired employees up to the revised limit of Rs. 25,00,000, following the CBDT notification dated 24.05.2023. The Tribunal applied earlier co-ordinate bench rulings that treated the enhancement as retrospective from 01.04.2023 and applicable to private employees as well, so the earlier ceiling of Rs. 3,00,000 was no longer sustainable. On that basis, the disallowance made by the lower authorities was deleted and the assessee was entitled to exemption within the revised limit. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469021