https://www.taxtmi.com/caselaws?id=64414 The Tribunal dismissed the revenue's appeal and upheld the Commissioner (Appeals) order, ruling that the payment made in lieu of privilege leave was not to be considered as part of salary or perquisite for the purpose of disallowance under section 40A(5)(c) of the Income-tax Act, 1961. The Tribunal determined that the encashment of privilege leave did not fall under the head 'Salaries' as defined in the Act, aligning with majority High Court decisions and established legal principles. en-us Mon, 23 Jul 1984 00:00:00 +0530 Mon, 07 Feb 2011 17:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64414 The Tribunal dismissed the revenue's appeal and upheld the Commissioner (Appeals) order, ruling that the payment made in lieu of privilege leave was not to be considered as part of salary or perquisite for the purpose of disallowance under section 40A(5)(c) of the Income-tax Act, 1961. The Tribunal determined that the encashment of privilege leave did not fall under the head 'Salaries' as defined in the Act, aligning with majority High Court decisions and established legal principles. Case-Laws Income Tax Mon, 23 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64414