https://www.taxtmi.com/caselaws?id=304740 The High Court considered the deduction of provision for leave encashment, holding that the Tribunal's decision was to be reviewed in light of a pending Supreme Court judgment. The Court did not separately address the revenue share of license fees as it was previously decided against the Revenue. Similarly, the disallowance of interest expenditure on an interest-free loan to the subsidiary was not entertained separately, citing a relevant Supreme Court decision. The judgment directed communication of the order to the Tribunal for further action, clarifying the legal implications and precedents for each issue raised. en-us Mon, 22 Apr 2019 00:00:00 +0530 Tue, 18 Oct 2022 21:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304740 The High Court considered the deduction of provision for leave encashment, holding that the Tribunal's decision was to be reviewed in light of a pending Supreme Court judgment. The Court did not separately address the revenue share of license fees as it was previously decided against the Revenue. Similarly, the disallowance of interest expenditure on an interest-free loan to the subsidiary was not entertained separately, citing a relevant Supreme Court decision. The judgment directed communication of the order to the Tribunal for further action, clarifying the legal implications and precedents for each issue raised. Case-Laws Income Tax Mon, 22 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304740