Retiree from Gujarat wins tax exemption on Rs 8.02 lakh leave encashment
Mr. Patel, a retiree from Bharuch, Gujarat, sought full tax exemption on Rs 8.02 lakh leave encashment. His company initially certified only Rs 3 lakh as exempt, but the Income Tax Department taxed the remaining Rs 5.02 lakh. The Income Tax Appellate Tribunal in Surat ruled in Patel's favor, citing lack of justification from the Department for the additional tax.
Economic Times··Bharuch


