https://www.taxtmi.com/caselaws?id=379167 The Tribunal allowed the appeal on all grounds. It held that the revision order under Section 263 was invalid as the Assessing Officer had taken a permissible view. The deduction for provision for leave encashment was allowed, contrary to the CIT's direction. Additionally, the deduction for foreign taxes paid in Spain was permitted, and these taxes should not be added back while computing book profit under Section 115JB. The Tribunal's decision was pronounced on 15/04/2019. en-us Mon, 15 Apr 2019 00:00:00 +0530 Mon, 29 Apr 2019 06:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379167 The Tribunal allowed the appeal on all grounds. It held that the revision order under Section 263 was invalid as the Assessing Officer had taken a permissible view. The deduction for provision for leave encashment was allowed, contrary to the CIT's direction. Additionally, the deduction for foreign taxes paid in Spain was permitted, and these taxes should not be added back while computing book profit under Section 115JB. The Tribunal's decision was pronounced on 15/04/2019. Case-Laws Income Tax Mon, 15 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379167