https://www.taxtmi.com/caselaws?id=178874 The Tribunal dismissed the Revenue's appeal, upholding the decision of the CIT(A) regarding the disallowance of provision for EL encashment u/s 43B(f) for the assessment year 2007-08. The Tribunal reiterated that under section 43B(f), leave encashment should only be deductible when actually paid to employees, emphasizing it as an entitlement earned during a specific financial year. The decision was based on prior favorable rulings for the assessee, affirming the CIT(A)'s order for the current year. en-us Tue, 22 Jan 2013 00:00:00 +0530 Mon, 15 Feb 2016 15:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178874 The Tribunal dismissed the Revenue's appeal, upholding the decision of the CIT(A) regarding the disallowance of provision for EL encashment u/s 43B(f) for the assessment year 2007-08. The Tribunal reiterated that under section 43B(f), leave encashment should only be deductible when actually paid to employees, emphasizing it as an entitlement earned during a specific financial year. The decision was based on prior favorable rulings for the assessee, affirming the CIT(A)'s order for the current year. Case-Laws Income Tax Tue, 22 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178874