https://www.taxtmi.com/caselaws?id=471307 The enhanced leave-encashment exemption ceiling applies to Assessment Year 2021-22 under the relevant notification. The increase is characterised as a beneficial and curative fiscal measure intended to remedy hardship arising from prolonged non-revision of the exemption limit. Such measures warrant liberal construction and may extend to pending assessments unless retrospective application is expressly barred. The notification's stated effective date does not prevent application of the enhanced exemption to the pending assessment, rendering the full qualifying leave-encashment amount exempt. en-us Mon, 06 Jul 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471307 The enhanced leave-encashment exemption ceiling applies to Assessment Year 2021-22 under the relevant notification. The increase is characterised as a beneficial and curative fiscal measure intended to remedy hardship arising from prolonged non-revision of the exemption limit. Such measures warrant liberal construction and may extend to pending assessments unless retrospective application is expressly barred. The notification's stated effective date does not prevent application of the enhanced exemption to the pending assessment, rendering the full qualifying leave-encashment amount exempt. Case-Laws Income Tax Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471307