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SECTION 10(10AA) OF THE INCOME-TAX ACT, 1961 – LEAVE ENCASHMENT

Government employees : Where assessee was employed with Madhya Pradesh State Electricity Board, a government organization, which was later converted into a company, leave encashment received by assessee was to be allowed in proportionate of services rendered in Government department as well as public sector undertaking – Devendra Mehta v. Deputy Commissioner of Income-tax, Circle-2(1) – [2024] 158 taxmann.com 349 (Jabalpur – Trib.)

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