SOME RELEVANT CASE LAWS LEAVE ENCASHMENT



Posted on 06-05-2016        By ADMIN



SOME RELEVANT CASE LAWS  LEAVE ENCASHMENT

 LEAVE ENCASHMENT (S.10(10AA)): 

Retirement” includes resignation. What is relevant is retirement: how it took place is immaterial for the purpose of this clause. Therefore, even on resignation, if an employee gets any amount by way of leave encashment, S.10(10AA) would apply.(CIT v D.P. Malhotra (1997) 142 CTR 325(Bom)). (CIT v R.J. Shahney(1986) 159 ITR 160(Mad.))




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