https://www.taxtmi.com/caselaws?id=382210 Provision for leave encashment under section 43B(f) was not finally disallowed because the Tribunal kept the issue open pending final determination in Exide Industries and directed action in line with the eventual ruling. For book profit under section 115JB, provision for gratuity and leave encashment was treated as capable of constituting an ascertained liability if supported by actuarial valuation, so the addition was not sustained as a matter of principle and was remitted for verification of the actuarial basis. The assessee thus obtained remand-type relief on both issues, with the appeal allowed for statistical purposes. en-us Wed, 22 May 2019 00:00:00 +0530 Thu, 27 Jun 2019 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382210 Provision for leave encashment under section 43B(f) was not finally disallowed because the Tribunal kept the issue open pending final determination in Exide Industries and directed action in line with the eventual ruling. For book profit under section 115JB, provision for gratuity and leave encashment was treated as capable of constituting an ascertained liability if supported by actuarial valuation, so the addition was not sustained as a matter of principle and was remitted for verification of the actuarial basis. The assessee thus obtained remand-type relief on both issues, with the appeal allowed for statistical purposes. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382210