https://www.taxtmi.com/caselaws?id=426854 The Tribunal partially allowed the appeal for the assessment year 2013-14 and fully allowed the appeal for the assessment year 2014-15. The disallowance related to unpaid leave encashment provision was vacated as the assessee had already accounted for a portion of the liability. Interest on late TDS deposit was allowed as a deductible expense. Partial disallowance of prior period expenses was overturned. An addition based on Form 26AS was remanded for verification. The disallowance under Section 40(a)(ia) was dismissed. The disallowance of bad debts was directed for further verification. The non-consideration of the revised return was rectified. Ad hoc disallowance of staff welfare and conveyance expenses was vacated. en-us Wed, 24 Aug 2022 00:00:00 +0530 Fri, 26 Aug 2022 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426854 The Tribunal partially allowed the appeal for the assessment year 2013-14 and fully allowed the appeal for the assessment year 2014-15. The disallowance related to unpaid leave encashment provision was vacated as the assessee had already accounted for a portion of the liability. Interest on late TDS deposit was allowed as a deductible expense. Partial disallowance of prior period expenses was overturned. An addition based on Form 26AS was remanded for verification. The disallowance under Section 40(a)(ia) was dismissed. The disallowance of bad debts was directed for further verification. The non-consideration of the revised return was rectified. Ad hoc disallowance of staff welfare and conveyance expenses was vacated. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426854