https://www.taxtmi.com/caselaws?id=285494 The High Court considered the treatment of liabilities towards gratuity and leave encashment under the Income Tax Act. It examined whether the Income-Tax Appellate Tribunal correctly treated gratuity liability as unascertained, and if the deduction for leave encashment liability was allowed. The Court also reviewed the decision not to deduct an additional amount from income for unclaimed deductions. The judgment focused on clarifying the interpretation and application of relevant provisions of the Act concerning these liabilities and deductions. en-us Fri, 02 Jul 2010 00:00:00 +0530 Wed, 15 Jan 2020 13:03:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285494 The High Court considered the treatment of liabilities towards gratuity and leave encashment under the Income Tax Act. It examined whether the Income-Tax Appellate Tribunal correctly treated gratuity liability as unascertained, and if the deduction for leave encashment liability was allowed. The Court also reviewed the decision not to deduct an additional amount from income for unclaimed deductions. The judgment focused on clarifying the interpretation and application of relevant provisions of the Act concerning these liabilities and deductions. Case-Laws Income Tax Fri, 02 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285494