tax-free leave encashment

Retired PSU bank employee claimed Rs 9.29 lakh leave encashment as tax-free, but taxman restricted exemption to Rs 3 lakh; ITAT applies Rs 25 lakh limit retrospectively, cancels Rs 6.29 lakh addition

On September 22, 2026, the ITAT Jaipur ruled in the retired bank employee’s favour. (Image for…