Exemption u/s 10(10AA) - exemption from income tax from the ...

Case Laws Income Tax

March 7, 2024

Exemption u/s 10(10AA) - exemption from income tax from the leave encashment amount at the time of retirement of the employees other than government employees - as argued employees of the Bank as also the Public Sector Undertakings cannot be treated differently holding the equality clause of Article 14 of the Constitution of India - The High Court dismissed the writ petition, affirming the constitutionality of Section 10(10AA) of the Income Tax Act, 1961. It upheld the classification made in the provision, considering the distinct status and privileges enjoyed by government employees compared to employees of other sectors.

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Exemption u/s 10(10AA) - exemption from income tax from the ...

Case Laws Income Tax

March 7, 2024

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