https://www.taxtmi.com/caselaws?id=62845 The Tribunal admitted additional grounds raised by the Revenue as clarificatory, emphasizing the need for recorded reasons. The allowance of liability for leave encashment was disputed, with the Tribunal upholding the ITO's decision to disallow the provision based on the lack of scientific basis in the actuarial report. The judgment underscores the importance of scientific principles in evaluating leave encashment liabilities and contrasts them with gratuity liabilities, ultimately setting aside the CIT (Appeals) decision and supporting the ITO's disallowance of the liability provision. en-us Tue, 25 Apr 1989 00:00:00 +0530 Sat, 22 Jan 2011 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62845 The Tribunal admitted additional grounds raised by the Revenue as clarificatory, emphasizing the need for recorded reasons. The allowance of liability for leave encashment was disputed, with the Tribunal upholding the ITO's decision to disallow the provision based on the lack of scientific basis in the actuarial report. The judgment underscores the importance of scientific principles in evaluating leave encashment liabilities and contrasts them with gratuity liabilities, ultimately setting aside the CIT (Appeals) decision and supporting the ITO's disallowance of the liability provision. Case-Laws Income Tax Tue, 25 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62845