Man got leave encashment, but exemption limit was hiked later; ITAT allows full Rs 12.27 lakh relief – FinSiddhi

Man got leave encashment, but exemption limit was hiked later; ITAT allows full Rs 12.27 lakh relief

The ITAT Chennai bench viewed the increase from Rs 3 lakh to Rs 25 lakh as an enhancement of an existing benefit, rather than the creation of a new exemption. The Tribunal also found the change beneficial and remedial in nature and said it was intended to reduce hardship and bring parity between government and non-government employees.
Read more at Times of India

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.