https://www.taxtmi.com/caselaws?id=797762 Enhanced leave-encashment exemption under Section 10(10AA)(ii) is stated to apply to a non-government employee retiring in assessment year 2020-21. Notification No. 31/2023 raised the notified exemption ceiling from Rs. 3 lakh to Rs. 25 lakh. The enhancement is characterised as a beneficial and remedial measure that rationalises the existing exemption, mitigates hardship and addresses disparity with government employees. On that basis, it is construed liberally to extend to pending proceedings despite no express retrospective provision, making the employee's leave-encashment receipt fully exempt within the enhanced limit. en-us Wed, 05 Aug 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797762 Enhanced leave-encashment exemption under Section 10(10AA)(ii) is stated to apply to a non-government employee retiring in assessment year 2020-21. Notification No. 31/2023 raised the notified exemption ceiling from Rs. 3 lakh to Rs. 25 lakh. The enhancement is characterised as a beneficial and remedial measure that rationalises the existing exemption, mitigates hardship and addresses disparity with government employees. On that basis, it is construed liberally to extend to pending proceedings despite no express retrospective provision, making the employee's leave-encashment receipt fully exempt within the enhanced limit. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797762