Anant Chintaman Gundalwar vs. ITO, Ward-1, Chandrapur

Parties Involved

Facts Summary

Anant Chintaman Gundalwar, an assessee, filed an appeal against the order of the Commissioner of Income Tax (Appeals)/NFAC, Delhi, dated 15.01.2026, which arose from an assessment order dated 24.03.2025. The assessee challenged the denial of exemption for gratuity and leave encashment under sections 10(10)(i) and 10(10AA)(i) of the Income Tax Act, 1961. The assessee had joined the Maharashtra State Electricity Board (MSEB) on 30.09.1989 and retired from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) with retirement benefits including gratuity and leave encashment. The Assessing Officer restricted the exemption for gratuity and leave encashment, which the assessee contested.…

Legal Issues

• 1. Whether the assessee is entitled to exemption for gratuity and leave encashment under sections 10(10)(i) and 10(10AA)(i) of the Income Tax Act, 1961?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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