Retired PSU employee faces ₹2 lakh tax demand over Form 16 omission; ITAT Pune grants relief
A retired PSU employee got relief from the Income Tax Appellate Tribunal (ITAT), Pune, after tax authorities denied his leave encashment exemption solely because it was not reflected in his Form 16. Explaining the ruling on X, TaxBuddy founder Sujit Bangar mentioned that the ITAT held the exemption under Section 10(10AA) and it does not…