https://www.taxtmi.com/caselaws?id=330217 The Tribunal partially allowed the assessee's appeal on all three issues discussed. For the disallowance u/s 14A of the Act, the Tribunal directed the AO to adopt 1% of the exempt income for the disallowance, partially allowing the assessee's appeal. Regarding the disallowance of provision for leave encashment under section 43B of the Act, the Tribunal granted relief to the assessee as the Supreme Court had not stayed the Calcutta High Court judgment. Lastly, the Tribunal upheld the disallowance u/s 14A while computing book profit u/s 115JB, partially allowing the assessee's appeal on this ground as well. en-us Fri, 08 Jul 2016 00:00:00 +0530 Fri, 15 Jul 2016 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330217 The Tribunal partially allowed the assessee's appeal on all three issues discussed. For the disallowance u/s 14A of the Act, the Tribunal directed the AO to adopt 1% of the exempt income for the disallowance, partially allowing the assessee's appeal. Regarding the disallowance of provision for leave encashment under section 43B of the Act, the Tribunal granted relief to the assessee as the Supreme Court had not stayed the Calcutta High Court judgment. Lastly, the Tribunal upheld the disallowance u/s 14A while computing book profit u/s 115JB, partially allowing the assessee's appeal on this ground as well. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330217