https://www.taxtmi.com/caselaws?id=340880 The Assessee's appeal was partly allowed for statistical purposes, with the Tribunal directing the AO to await the Supreme Court's decision on the constitutional validity of Section 43B(f) regarding deduction of leave encashment on a provision basis. The Revenue's appeal was dismissed, upholding the CIT(A)'s decision to disallow under Section 14A and exclude excise duty exemption as a capital receipt from book profits under Section 115JB. Additionally, the depreciation on landscaping and development charges was treated as part of the building block, allowing for a 10% depreciation rate. en-us Wed, 22 Mar 2017 00:00:00 +0530 Mon, 03 Aug 2026 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340880 The Assessee's appeal was partly allowed for statistical purposes, with the Tribunal directing the AO to await the Supreme Court's decision on the constitutional validity of Section 43B(f) regarding deduction of leave encashment on a provision basis. The Revenue's appeal was dismissed, upholding the CIT(A)'s decision to disallow under Section 14A and exclude excise duty exemption as a capital receipt from book profits under Section 115JB. Additionally, the depreciation on landscaping and development charges was treated as part of the building block, allowing for a 10% depreciation rate. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340880