Assessee received leave encashment amount upon retirement, ...

ITAT Rules Leave Encashment for Retired Employee from DoT and BSNL Exempt u/s 10(10AA.

January 14, 2025

Case Laws Income Tax AT

Assessee received leave encashment amount upon retirement, bifurcated into sums from Department of Telecommunications (Govt. of India) and BSNL. ITAT held amount from DoT exempt u/s 10(10AA)(i) as Central Govt. employee. Remaining BSNL amount, being less than Rs. 3 lakh, also exempt u/s 10(10AA)(ii) for non-govt employees. Denial of exemption u/s 10(10AA) reversed; appeal allowed.

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Assessee received leave encashment amount upon retirement, ...

ITAT Rules Leave Encashment for Retired Employee from DoT and BSNL Exempt u/s 10(10AA.

January 14, 2025

Case Laws Income Tax AT

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