https://www.taxtmi.com/caselaws?id=291076 The Tribunal allowed the assessee's appeal regarding the disallowance of the provision for pension benefits, holding it as an ascertained liability. The Tribunal also allowed the appeal on the disallowance of other employee benefits, determining them as ascertained liabilities based on actuarial valuation. Additionally, the Tribunal directed the AO to allow the claim for privilege leave encashment pending a decision by the Supreme Court in another case. Furthermore, the Tribunal upheld the disallowance under Section 14A but directed a re-computation excluding certain investments. en-us Mon, 03 Feb 2020 00:00:00 +0530 Tue, 27 Oct 2020 10:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291076 The Tribunal allowed the assessee's appeal regarding the disallowance of the provision for pension benefits, holding it as an ascertained liability. The Tribunal also allowed the appeal on the disallowance of other employee benefits, determining them as ascertained liabilities based on actuarial valuation. Additionally, the Tribunal directed the AO to allow the claim for privilege leave encashment pending a decision by the Supreme Court in another case. Furthermore, the Tribunal upheld the disallowance under Section 14A but directed a re-computation excluding certain investments. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291076