1983 (8) TMI 95

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....17,000 in the income. This amount represents the encashment of the leave due to the assessee. He was employed by M/s Killick Nixon Ltd. He left their service on 1st Feb., 1974. At that time, eight moths leave was due to him. He was allowed by the company to encash three months leave. After adjustment of tax deducted, an amount of Rs. 17,000 was paid to him on 9th April, 1974. 2. Against the inc....

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....w that the resolution allowing encashment was passed during the accounting year. Therefore, we accept the submission that nothing had accrued for the asst. yr. 1974-75. In view of this, we do not consider the first submission i.e., whether it is taxable at all. 3. The second ground of appeal raised is the inclusion of Rs. 3,900 by way of bonus. The ITO has added this amount, but it is not clear....