https://www.taxtmi.com/caselaws?id=258292 The ITAT upheld the disallowance of the provision for leave encashment and the assessment of interest received upfront on bills purchased/discounted, ruling against the assessee on both grounds. The disallowance of the provision for leave encashment was supported under section 43B(f) based on a judgment of the Kerala HC. Regarding the assessment of interest received upfront, the ITAT ruled that income accrues at the point of bill discounting, dismissing the appeal. en-us Fri, 25 Jul 2014 00:00:00 +0530 Sat, 04 Apr 2015 10:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258292 The ITAT upheld the disallowance of the provision for leave encashment and the assessment of interest received upfront on bills purchased/discounted, ruling against the assessee on both grounds. The disallowance of the provision for leave encashment was supported under section 43B(f) based on a judgment of the Kerala HC. Regarding the assessment of interest received upfront, the ITAT ruled that income accrues at the point of bill discounting, dismissing the appeal. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258292