2016 (6) TMI 1163 - AT - Income Tax

Exemption u/s 10(10)(i) and 10(10AA)(i) - arrears of gratuity and arrears of leave encashment - Held that - Both the sides are in agreement that the facts and circumstances of the instant appeal are mutatis mutandis similar to those of the appeal in the case of Ram Kanwar Rana 2016 (6) TMI 687 - ITAT DELHI allowing exemption in respect of the arrears of gratuity and arrears of leave encashment and dismissing the ground about the initiation of re-assessment. Following the view, we extend the benefit of exemption to the extant assessee also in respect of arrears of gratuity and arrears of leave encashment u/s 10(10)(i) and 10(10AA)(i).

Summary

The appeal filed by the assessee against the order passed by CIT(A) in relation to the assessment year 2010-11 was partly allowed. The Tribunal extended the benefit of exemption to the assessee in respect of arrears of gratuity and leave encashment under sections 10(10)(i) and 10(10AA)(i).