https://www.taxtmi.com/caselaws?id=414357 The Tribunal allowed the Assessee's appeal, directing the AO to permit the deduction of educational Cess as per the revised income computation. However, the Tribunal upheld the disallowance of the provision for leave encashment based on actuarial valuation, citing a Supreme Court decision that the deduction for leave encashment liability is governed by prospective legislation. The order was issued on 26th October 2021. en-us Tue, 26 Oct 2021 00:00:00 +0530 Tue, 02 Nov 2021 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414357 The Tribunal allowed the Assessee's appeal, directing the AO to permit the deduction of educational Cess as per the revised income computation. However, the Tribunal upheld the disallowance of the provision for leave encashment based on actuarial valuation, citing a Supreme Court decision that the deduction for leave encashment liability is governed by prospective legislation. The order was issued on 26th October 2021. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414357