https://www.taxtmi.com/caselaws?id=284557 The ITAT partially allowed the appeal for statistical purposes, directing the AO to provide relief to the assessee if the Supreme Court concurred with the Calcutta High Court's opinion on the disallowance of provision for leave encashment under Section 43B(f) of the Income Tax Act. Additionally, the ITAT instructed the AO to exclude the payment of ocean freight from disallowance under Section 40(a)(ia) if payments were made to local shipping agents of non-resident ship liners. The issue of disallowance of payment made towards transport charges was restored to the AO for further examination and verification of correct amounts and the applicability of TDS provisions. en-us Wed, 23 Sep 2015 00:00:00 +0530 Tue, 26 Nov 2019 09:46:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284557 The ITAT partially allowed the appeal for statistical purposes, directing the AO to provide relief to the assessee if the Supreme Court concurred with the Calcutta High Court's opinion on the disallowance of provision for leave encashment under Section 43B(f) of the Income Tax Act. Additionally, the ITAT instructed the AO to exclude the payment of ocean freight from disallowance under Section 40(a)(ia) if payments were made to local shipping agents of non-resident ship liners. The issue of disallowance of payment made towards transport charges was restored to the AO for further examination and verification of correct amounts and the applicability of TDS provisions. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284557