Leave encashment - Disallowance of exemption claimed u/s. ...

ITAT Rules Leave Encashment Exemption Valid for Employees of Central Government Entities u/s 10(10AA.

February 12, 2024

Case Laws     Income Tax     AT

Leave encashment - Disallowance of exemption claimed u/s. 10(10AA) (i) by holding that the assessee is not an employee of the Central or State Governments - The ITAT held that, the assessee was employed with Indian Railway Catering and Tourism Corporation Limited a Government of India Company and the tax has been deducted at source by the employer. Since the assessee was employed with the Central Government, therefore, she is very much eligible for the claim of deduction u/s. 10 (10AA) of the Act.

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