2024 (2) TMI 605

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.... Advocate For the Respondent : Sh. Vivek Vardhan, Sr. DR ORDER PER N. K. BILLAIYA, AM: This appeal by the assessee is preferred against the order dated 18.05.2023 by NFAC, Delhi pertaining to A.Y. 2019-20. 2. The sum and substance of the grievance of the assessee is that the CIT(A) erred in confirming the disallowance of exemption claimed u/s. 10(10AA) (i) of the Act by holding that....

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....to first understand the provisions of section 10 (10AA) which reads as under :- "Sec 10 (10AA) (1) any payment received by an employee of the Central Government or a State Government as the cash equivalent of the leave salary in respect of the period of earned leave at his credit at the time of his retirement whether] on superannuation or otherwise; (ii) any payment of t....

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....in the same previous year, the aggregate amount exempt from income- tax under this subclause shall not exceed the limit so specified]: Provided further that where any such payment or payments was or were received in any one or more earlier previous years also and the whole or any part of the amount c such payment or payments was or were not included in the total income of the assessee of ....