https://www.taxtmi.com/caselaws?id=440868 The note reviews ITAT Kolkata's treatment of multiple income-tax issues, including leave encashment, education cess, statutory reserve transfers under section 45IC of the RBI Act, capital gains on transfer of voting and subscription rights, disallowance under sections 14A and 36(1)(iii), revised deduction under section 36(1)(viii), and contingent provision for standard assets under section 115JB. It states that leave encashment and education cess disallowances were sustained, the special reserve was includible in income and book profit, the capital gains additions on certain rights transfers were deleted, the section 14A and 36(1)(iii) disallowances were rejected, the revised deduction was allowed, and the provision for standard assets was restored to book profit as an unascertained liability. 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 note reviews ITAT Kolkata's treatment of multiple income-tax issues, including leave encashment, education cess, statutory reserve transfers under section 45IC of the RBI Act, capital gains on transfer of voting and subscription rights, disallowance under sections 14A and 36(1)(iii), revised deduction under section 36(1)(viii), and contingent provision for standard assets under section 115JB. It states that leave encashment and education cess disallowances were sustained, the special reserve was includible in income and book profit, the capital gains additions on certain rights transfers were deleted, the section 14A and 36(1)(iii) disallowances were rejected, the revised deduction was allowed, and the provision for standard assets was restored to book profit as an unascertained liability. Case-Laws Income Tax Mon, 22 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440868