https://www.taxtmi.com/caselaws?id=248539 The Tribunal partially allowed the appeal in ITA No.751/Coch/2013 regarding the disallowance of provision for leave encashment under Section 43B(f) of the Income Tax Act, emphasizing deductions can only be allowed on actual payment. The Tribunal remanded the issue of disallowance under Section 14A back for reconsideration, focusing on the availability of the assessee's own funds and commercial expediency of investments. Regarding fringe benefit tax on telephone expenses and demo cars, the matters were remanded for further verification and correct tax treatment determination. Appeals in ITA Nos. 752 and 753/Coch/2013 were allowed for statistical purposes. en-us Fri, 06 Jun 2014 00:00:00 +0530 Tue, 17 Mar 2015 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248539 The Tribunal partially allowed the appeal in ITA No.751/Coch/2013 regarding the disallowance of provision for leave encashment under Section 43B(f) of the Income Tax Act, emphasizing deductions can only be allowed on actual payment. The Tribunal remanded the issue of disallowance under Section 14A back for reconsideration, focusing on the availability of the assessee's own funds and commercial expediency of investments. Regarding fringe benefit tax on telephone expenses and demo cars, the matters were remanded for further verification and correct tax treatment determination. Appeals in ITA Nos. 752 and 753/Coch/2013 were allowed for statistical purposes. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248539