ITAT Allows Full Rs 12.27 Lakh Leave Encashment Relief After Exemption Limit Hike
The ITAT Chennai bench ruled that the increase in leave encashment exemption from Rs 3 lakh to Rs 25 lakh is an enhancement of an existing benefit, not a new exemption. The tribunal deemed the change beneficial and remedial, aimed at reducing hardship and ensuring parity between government and non-government employees, allowing full relief of Rs 12.27 lakh.
TOI Business··Chennai