Retirees of PSUs & nationalized banks cannot be treated as Govt. employees; no exemption on leave encashment

INCOME TAX : Government employees enjoy protection and privileges under Constitution and other laws, which are not available to those who are not employees of Central Government and State Governments and employees of Central Government and State Government form a distinct class and classification is reasonable having nexus with object sought to be achieved, Central Government and State Government employees enjoy a 'status' and they are governed by different terms and conditions of employment

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