Deductibility of leave encashment disallowed when earlier deduction was claimed on the liability, preventing duplicate tax relief.

The amendment adds a provision treating employer payments in lieu of employee leave as a specified deductible category and adjusts related proviso language. A clarificatory explanation prevents double deduction by providing that if a deduction for such leave payment was allowed when the liability arose in an earlier previous year, no deduction is allowable under the amended provision when the sum is subsequently paid.

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