https://www.taxtmi.com/caselaws?id=772965 ITAT Kolkata allowed the taxpayer's appeal regarding leave encashment addition. The tribunal held that leave encashment liability paid to employees during AY 2017-18, though pertaining to earlier years 2002-03 to 2004-05 and previously disallowed, was allowable on payment basis under Section 43B(f). The taxpayer had paid taxes on disallowed amounts through Direct Tax Vivad se Vishwas Scheme 2024. ITAT directed AO to allow the deduction upon evidence of payment, citing SC precedent in Goetze India Ltd that limitation for revised returns applies to assessing authority, not appellate authority. en-us Thu, 12 Jun 2025 00:00:00 +0530 Mon, 16 Jun 2025 08:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772965 ITAT Kolkata allowed the taxpayer's appeal regarding leave encashment addition. The tribunal held that leave encashment liability paid to employees during AY 2017-18, though pertaining to earlier years 2002-03 to 2004-05 and previously disallowed, was allowable on payment basis under Section 43B(f). The taxpayer had paid taxes on disallowed amounts through Direct Tax Vivad se Vishwas Scheme 2024. ITAT directed AO to allow the deduction upon evidence of payment, citing SC precedent in Goetze India Ltd that limitation for revised returns applies to assessing authority, not appellate authority. Case-Laws Income Tax Thu, 12 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772965