https://www.taxtmi.com/caselaws?id=797847 Actuarially determined provisions for accumulated non-encashable sick leave may constitute accrued, reasonably ascertainable business liabilities deductible under Section 37(1). Employees earn the right to carry forward and use paid sick leave through services rendered during the relevant year; future use requires paid absence without corresponding services, creating an economic obligation. Uncertainty over the employees who will use leave or the timing of use does not make the liability contingent where actuarial valuation provides a scientific estimate. Section 43B(f) does not apply where no sum is payable for leave encashment. Consistent accounting treatment of an identical recurring item should not ordinarily change without material changes in facts or law. en-us Fri, 21 Aug 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797847 Actuarially determined provisions for accumulated non-encashable sick leave may constitute accrued, reasonably ascertainable business liabilities deductible under Section 37(1). Employees earn the right to carry forward and use paid sick leave through services rendered during the relevant year; future use requires paid absence without corresponding services, creating an economic obligation. Uncertainty over the employees who will use leave or the timing of use does not make the liability contingent where actuarial valuation provides a scientific estimate. Section 43B(f) does not apply where no sum is payable for leave encashment. Consistent accounting treatment of an identical recurring item should not ordinarily change without material changes in facts or law. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797847