https://www.taxtmi.com/caselaws?id=281619 The Appellate Tribunal ITAT Chennai partially allowed the appeals filed by an assessee, a software development company, against the disallowance of provision for leave salary as business expenditure under section 43B for assessment years 2008-09, 2010-11, and 2014-15. The Tribunal directed the AO and assessee to comply with the Supreme Court's directions in the Exide Industries case, amending orders accordingly under Sec.158A of the Income Tax Act, 1961. The judgment stressed the need to adhere to the Supreme Court's directives and await the final decision in the pending Civil Appeal of the Exide Industries case for proper application. en-us Wed, 30 May 2018 00:00:00 +0530 Fri, 28 Jun 2019 10:25:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281619 The Appellate Tribunal ITAT Chennai partially allowed the appeals filed by an assessee, a software development company, against the disallowance of provision for leave salary as business expenditure under section 43B for assessment years 2008-09, 2010-11, and 2014-15. The Tribunal directed the AO and assessee to comply with the Supreme Court's directions in the Exide Industries case, amending orders accordingly under Sec.158A of the Income Tax Act, 1961. The judgment stressed the need to adhere to the Supreme Court's directives and await the final decision in the pending Civil Appeal of the Exide Industries case for proper application. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281619