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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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