2018 (9) TMI 2152

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s - contention is when Section 10(10AA)(i) of Income Act, 1961 does not prescribe any ceiling limit under clause (ii), such a limit of ten months is prescribed for the employees like the petitioner who happen to retire from employment of a nationalized bank - HELD THAT:- The petitioner has not pointed out that Central or State Government employees get cash equivalent to leave salary for period in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... basis of petition appears to be misconceived. Contention is when Section 10(10AA)(i) of Income Act, 1961 does not prescribe any ceiling limit for exemption from payment of income tax on leave encashment benefit enjoyed by Central or State Government employees, under clause (ii), such a limit of ten months is prescribed for the employees like the petitioner who happen to retire from employment of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X