https://www.taxtmi.com/caselaws?id=440868 The case involved various issues such as disallowance of provision for leave encashment, claim of Education Cess, and computation of total income and book profits. The court dismissed the disallowance of provision for leave encashment based on a previous Supreme Court judgment. The claim of Education Cess was disallowed due to a retrospective amendment. The court also dismissed the exclusion of special reserve in income computation but added it in book profit calculation. Several deletions of receipts and disallowances were either upheld or set aside based on legal precedents. Ultimately, the assessee's appeal was dismissed, and the Revenue's appeal was partly allowed. en-us Mon, 22 May 2023 00:00:00 +0530 Mon, 18 Sep 2023 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440868 The case involved various issues such as disallowance of provision for leave encashment, claim of Education Cess, and computation of total income and book profits. The court dismissed the disallowance of provision for leave encashment based on a previous Supreme Court judgment. The claim of Education Cess was disallowed due to a retrospective amendment. The court also dismissed the exclusion of special reserve in income computation but added it in book profit calculation. Several deletions of receipts and disallowances were either upheld or set aside based on legal precedents. Ultimately, the assessee's appeal was dismissed, and the Revenue's appeal was partly allowed. Case-Laws Income Tax Mon, 22 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440868