https://www.taxtmi.com/caselaws?id=64570 The Tribunal allowed the appeal for the assessment year 1983-84, permitting the company to claim a deduction of Rs. 2,06,541 under section 37(1) of the Income-tax Act, 1961. The change in the method of accounting for leave encashment was deemed genuine and consistent, leading to a fair determination of liability. The Tribunal directed the Income Tax Officer to allow the deduction, overturning previous decisions and ruling in favor of the company for the specified assessment year. en-us Wed, 09 Dec 1987 00:00:00 +0530 Tue, 08 Feb 2011 16:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64570 The Tribunal allowed the appeal for the assessment year 1983-84, permitting the company to claim a deduction of Rs. 2,06,541 under section 37(1) of the Income-tax Act, 1961. The change in the method of accounting for leave encashment was deemed genuine and consistent, leading to a fair determination of liability. The Tribunal directed the Income Tax Officer to allow the deduction, overturning previous decisions and ruling in favor of the company for the specified assessment year. Case-Laws Income Tax Wed, 09 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64570