https://www.taxtmi.com/caselaws?id=307560 The Tribunal dismissed the revenue's appeal regarding the deletion of an addition made on account of consumption debtors, citing previous favorable decisions for the assessee. The Tribunal also addressed the disallowance under section 14A, restricting it to the extent of exempt income earned by the assessee. Additionally, the Tribunal directed the Assessing Officer to verify and allow the deduction for leave and encashment amount on an actual payment basis, partly allowing the assessee's appeal for statistical purposes. The decision was pronounced on 03.12.2021. en-us Fri, 03 Dec 2021 00:00:00 +0530 Fri, 21 Apr 2023 21:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307560 The Tribunal dismissed the revenue's appeal regarding the deletion of an addition made on account of consumption debtors, citing previous favorable decisions for the assessee. The Tribunal also addressed the disallowance under section 14A, restricting it to the extent of exempt income earned by the assessee. Additionally, the Tribunal directed the Assessing Officer to verify and allow the deduction for leave and encashment amount on an actual payment basis, partly allowing the assessee's appeal for statistical purposes. The decision was pronounced on 03.12.2021. Case-Laws Income Tax Fri, 03 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307560