Sunil Kumar Saxena Vs CIT(A)/NFAC, Delhi
Case No: ITA No. 8780/Del/2025
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH ‘SMC’, NEW DELHI
Date: 1/22/2026
Parties Involved
appellantSunil Kumar Saxena
respondentCIT(A)/NFAC, Delhi
Facts Summary
This appeal arises from the order of the CIT(A)/NFAC, Delhi, which denied the assessee, Sunil Kumar Saxena, the exemption under section 10(10AA) of the Income Tax Act, 1961 for leave encashment. The assessee, who was employed with M/s Punjab & Sind Bank, claimed that he is entitled to the exemption as the bank is a nationalized entity regulated by the central government. The case revolves around whether employees of nationalized banks can be treated as government employees for the purpose of thi…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee, being an employee of a nationalized bank, is entitled to the full exemption under section 10(10AA) of the Income Tax Act, 1961 for leave encashment.
Precedents Relied Upon
4 precedents cited in this judgement.