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Retired before April 2023? ITAT allows LIC employee to claim tax exemption on 9.04 lakh leave encashment

A retired LIC employee won ITAT Jaipur relief on 9.04 lakh in leave encashment after the tax department restricted her exemption to 3 lakh. The ruling examines whether the enhanced 25 lakh limit introduced in 2023 can benefit employees who retired earlier.