Supreme Court's Exide Industries decision impacts leave encashment disallowance; Kolkata HC ruling directs deletion by Assessing Officer.

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....Disallowance u/s 43B - provision of leave encashment - Supreme Court in the case of, Exide industries, has merely directed the assessee for payment of tax - However, the binding force of the decision of the Kolkata High Court still stands and therefore, respectfully following the same, we direct the ld AO to delete the above disallowance.....