2025 (8) TMI 1778

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... ORDER PER: Narinder Kumar, Judicial Member Appellant-assessee is a retired employee. During the year under consideration, he received a sum of Rs. 15,16,271/-, towards leave encashment. CPC, Bangaluru issued intimation u/s 143(1) of the Act, on 31.01.2023, allowing exemption only to the extent of Rs. 3,00,000/-, u/s 10(10AA)(2) of the Act. Since the assessee felt aggrieved by disallowi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n 10(10)AA of the Act, and that notification dated 24.05.2023 was issued by CBDT whereby the benefit was extended to non government employees by raising the limit to Rs. 25 lakhs and that too with retrospective effect. Therefore, Ld. AR has contended that by not applying the said notification dated 24.05.2023, Learned CIT(A) erred in confirming the assessment order, and argued that the appeal dese....