https://www.taxtmi.com/caselaws?id=183412 The Appellate Tribunal upheld the disallowance of bank charges and interest under section 14A of the Income-tax Act, reducing the disallowance amount. The Tribunal dismissed the revenue's appeal on the provision for bonus under section 43B, emphasizing deduction only upon actual payment. The issue of provision for leave encashment was remitted back to the AO for fresh adjudication in line with a pending Supreme Court decision. en-us Fri, 16 Jan 2015 00:00:00 +0530 Wed, 08 Jun 2016 17:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183412 The Appellate Tribunal upheld the disallowance of bank charges and interest under section 14A of the Income-tax Act, reducing the disallowance amount. The Tribunal dismissed the revenue's appeal on the provision for bonus under section 43B, emphasizing deduction only upon actual payment. The issue of provision for leave encashment was remitted back to the AO for fresh adjudication in line with a pending Supreme Court decision. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183412