Retired ONGC employee wins ₹19 lakh leave encashment tax relief

The ITAT Chennai has granted full tax relief to a retired ONGC employee who claimed exemption on ₹19.05 lakh received as leave encashment after retirement. The Income Tax Department had restricted the exemption to ₹3 lakh, but the tribunal ruled in favour of the taxpayer. The judgment could provide support to other retirees facing similar disputes.

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