[aaykarbhavan] Leave encashment payments are deductible on basis of ‘actual’ payment under sec. 43B, says ITAT

Leave encashment payments are deductible on basis of 'actual' payment under sec. 43B, says ITAT

July 8, 2014[2014] 46 taxmann.com 26 (Delhi - Trib.)

IT : Depreciation on goodwill which is an asset as per section 32 is allowable as held by Tribunal in series of earlier years

IT : Where assessee furnished a detailed working in respect of indirect expenses, but Assessing Officer added back same as disallowable expenditure under section 14A without recording any satisfaction that working provided by assessee was not proper, disallowance was to be deleted

IT : Leave encashment payment is an allowable expenditure on actual payment basis

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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