No Penalty Imposed u/s 271(1)(c) Due to Timing Dispute Over Allowable Leave Encashment Expenses.

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....Penalty u/s 271(1)(c) - provision for leave encashment - dispute was only relating to the year in which the said expenses are allowable and not about the very deductibility of the said expenses as the genuineness of the same was neither disputed nor doubted - no penalty - AT....