https://www.taxtmi.com/caselaws?id=176828 The Tribunal upheld the CIT(A)'s decision to allow the assessee's claim regarding earned leave encashment, citing consistency with previous judgments and legislative intent behind section 43B(f) of the IT Act. The Tribunal emphasized that leave encashment is not a statutory or contingent liability but a provision for an employee's entitlement earned during a specific financial year. The appeal by the Revenue was dismissed, establishing finality in the matter and highlighting the importance of applying legal principles consistently and following precedents in similar cases. en-us Tue, 04 Mar 2014 00:00:00 +0530 Wed, 30 Dec 2015 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176828 The Tribunal upheld the CIT(A)'s decision to allow the assessee's claim regarding earned leave encashment, citing consistency with previous judgments and legislative intent behind section 43B(f) of the IT Act. The Tribunal emphasized that leave encashment is not a statutory or contingent liability but a provision for an employee's entitlement earned during a specific financial year. The appeal by the Revenue was dismissed, establishing finality in the matter and highlighting the importance of applying legal principles consistently and following precedents in similar cases. Case-Laws Income Tax Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176828