https://www.taxtmi.com/caselaws?id=215501 The ITAT dismissed the assessee's appeal, affirming the CIT's decision to disallow unpaid leave encashment as a deduction under sec. 43B(f) of the Income-tax Act, 1961. The delay in filing the appeal was condoned, and the case proceeded to be disposed of on merits. The ITAT upheld the CIT's invocation of revisionary jurisdiction under sec. 263 based on sec. 43B(f) due to the Supreme Court's stay on a relevant High Court decision, justifying the disallowance of unpaid leave encashment. en-us Fri, 30 Mar 2012 00:00:00 +0530 Wed, 13 Apr 2016 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215501 The ITAT dismissed the assessee's appeal, affirming the CIT's decision to disallow unpaid leave encashment as a deduction under sec. 43B(f) of the Income-tax Act, 1961. The delay in filing the appeal was condoned, and the case proceeded to be disposed of on merits. The ITAT upheld the CIT's invocation of revisionary jurisdiction under sec. 263 based on sec. 43B(f) due to the Supreme Court's stay on a relevant High Court decision, justifying the disallowance of unpaid leave encashment. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215501