https://www.taxtmi.com/caselaws?id=63542 The Appellate Tribunal allowed the assessee's additional ground of appeal, excluding excise duty liability from total income for the assessment year 1980-81 to prevent double taxation. The Tribunal disagreed with the levy of interest under section 216 of the Income-tax Act, as the estimates made by the assessee were reasonable and not an attempt to defer tax payment. Regarding the deduction on account of leave salary, the Tribunal held that the actuarial value should not be allowed as a deduction, emphasizing that actual payments or encashment should be considered valid deductions. en-us Fri, 17 Jul 1987 00:00:00 +0530 Mon, 31 Jan 2011 16:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63542 The Appellate Tribunal allowed the assessee's additional ground of appeal, excluding excise duty liability from total income for the assessment year 1980-81 to prevent double taxation. The Tribunal disagreed with the levy of interest under section 216 of the Income-tax Act, as the estimates made by the assessee were reasonable and not an attempt to defer tax payment. Regarding the deduction on account of leave salary, the Tribunal held that the actuarial value should not be allowed as a deduction, emphasizing that actual payments or encashment should be considered valid deductions. Case-Laws Income Tax Fri, 17 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63542