https://www.taxtmi.com/caselaws?id=249085 The Tribunal ruled in favor of the assessee, holding that the provision for leave encashment is not a contingent liability based on the judgment of the Apex Court. The decision emphasized that the provision made for leave encashment should be allowed as claimed, and there was no justification for the addition made by the assessing officer. Consequently, the Tribunal set aside the orders of the lower authorities and deleted the addition made by the assessing officer, allowing the appeal of the assessee and removing the Rs. 2,74,000 addition. en-us Thu, 02 Feb 2012 00:00:00 +0530 Fri, 04 Jul 2014 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249085 The Tribunal ruled in favor of the assessee, holding that the provision for leave encashment is not a contingent liability based on the judgment of the Apex Court. The decision emphasized that the provision made for leave encashment should be allowed as claimed, and there was no justification for the addition made by the assessing officer. Consequently, the Tribunal set aside the orders of the lower authorities and deleted the addition made by the assessing officer, allowing the appeal of the assessee and removing the Rs. 2,74,000 addition. Case-Laws Income Tax Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249085