https://www.taxtmi.com/caselaws?id=194654 The Appellate Tribunal ITAT Kolkata addressed two main issues in the judgment. Firstly, regarding the disallowance of a provision for leave encashment, the Tribunal followed precedent cases and directed the matter back to the Assessing Officer for further adjudication. Secondly, concerning the disallowance under section 14A of the Income Tax Act, the Tribunal restricted the disallowance to 1% of the total exempt income based on legal principles and previous Tribunal decisions. The appeal of the assessee was partly allowed in both instances for statistical purposes. en-us Tue, 13 Mar 2012 00:00:00 +0530 Fri, 20 Apr 2018 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194654 The Appellate Tribunal ITAT Kolkata addressed two main issues in the judgment. Firstly, regarding the disallowance of a provision for leave encashment, the Tribunal followed precedent cases and directed the matter back to the Assessing Officer for further adjudication. Secondly, concerning the disallowance under section 14A of the Income Tax Act, the Tribunal restricted the disallowance to 1% of the total exempt income based on legal principles and previous Tribunal decisions. The appeal of the assessee was partly allowed in both instances for statistical purposes. Case-Laws Income Tax Tue, 13 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194654