https://www.taxtmi.com/caselaws?id=249431 The Tribunal partly allowed the assessee's appeal, directing that unabsorbed depreciation can be carried forward indefinitely for set off, disallowing provision for leave encashment under Section 43B(f) based on the stay on the Calcutta High Court's decision, upholding addition on account of suppression of receipts from land sale under Section 50C, and remanding the addition of provision for leave encashment while computing book profit under Section 115JB for reconsideration. The Tribunal provided detailed analysis and directions on each issue, relying on legal precedents and statutory provisions. en-us Wed, 18 Jun 2014 00:00:00 +0530 Thu, 10 Jul 2014 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249431 The Tribunal partly allowed the assessee's appeal, directing that unabsorbed depreciation can be carried forward indefinitely for set off, disallowing provision for leave encashment under Section 43B(f) based on the stay on the Calcutta High Court's decision, upholding addition on account of suppression of receipts from land sale under Section 50C, and remanding the addition of provision for leave encashment while computing book profit under Section 115JB for reconsideration. The Tribunal provided detailed analysis and directions on each issue, relying on legal precedents and statutory provisions. Case-Laws Income Tax Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249431