https://www.taxtmi.com/article/detailed?id=9140 The provision requires that deductions for leave encashment be allowed only on actual payment rather than on mere provision, thereby restricting mercantile accounting autonomy for tax computation. The legislative amendment operates prospectively to regulate the timing of deductions without altering the underlying liability's character, and such a regulatory measure falls within legislative discretion to protect public revenue and align with other specified deduction requirements. en-us Fri, 01 May 2020 11:04:17 +0530 Fri, 01 May 2020 11:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9140 The provision requires that deductions for leave encashment be allowed only on actual payment rather than on mere provision, thereby restricting mercantile accounting autonomy for tax computation. The legislative amendment operates prospectively to regulate the timing of deductions without altering the underlying liability's character, and such a regulatory measure falls within legislative discretion to protect public revenue and align with other specified deduction requirements. Articles Income Tax Fri, 01 May 2020 11:04:17 +0530 https://www.taxtmi.com/article/detailed?id=9140