Friday, November 14, 2014

[aaykarbhavan] No penalty on claiming deduction of unpaid leave encashment exp. if full disclosure was made in return



No penalty on claiming deduction of unpaid leave encashment exp. if full disclosure was made in return

November 14, 2014[2014] 50 taxmann.com 107 (Punjab & Haryana)
IT : Where assessee-society treated unpaid leave encashment and gratuity as liability and claimed deduction of same and full particulars of income given in return were not found to be incorrect, penalty was to be deleted
 
Regards
Prarthana Jalan


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


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