https://www.taxtmi.com/caselaws?id=471289 Leave-encashment exemption for retired non-government employees under Section 10(10AA)(ii) is subject to the notified monetary ceiling. Notification No. 31/2023 increased that ceiling from Rs. 3 lakh to Rs. 25 lakh. The enhanced limit is treated as a beneficial and remedial measure intended to remove disparity with government employees and to apply to pending assessment proceedings where the claim falls within the revised ceiling. Delay in filing an appeal may be condoned where subsequent legal developments and the enhanced exemption notification establish sufficient cause, without deliberate or mala fide conduct. en-us Fri, 12 Jun 2026 00:00:00 +0530 Thu, 27 Aug 2026 17:06:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471289 Leave-encashment exemption for retired non-government employees under Section 10(10AA)(ii) is subject to the notified monetary ceiling. Notification No. 31/2023 increased that ceiling from Rs. 3 lakh to Rs. 25 lakh. The enhanced limit is treated as a beneficial and remedial measure intended to remove disparity with government employees and to apply to pending assessment proceedings where the claim falls within the revised ceiling. Delay in filing an appeal may be condoned where subsequent legal developments and the enhanced exemption notification establish sufficient cause, without deliberate or mala fide conduct. Case-Laws Income Tax Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471289