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2012 (8) TMI 580 - HC - Income TaxDisallowance on account of provision made for leave salary – Held that:- Provision made by the appellant-company for meeting the liability incurred by it under the leave encashment scheme proportionate with the entitlement earned by the employees of the company, inclusive of the officers and the staff, subject to the ceiling on accumulation as applicable on the relevant date, is entitled to deduction out of the gross receipts for the accounting year during which the provision is made for the liability – In favor of assessee Decision of apex court in Bharat Earth Movers's case [2000 (8) TMI 4 - SUPREME COURT] followed.
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