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2015 (10) TMI 1706 - AT - Income TaxAddition on account of foreign traveling expenses - Held that:- As decided in assessee's earlier AYs after considering the facts of the case as well as various details submitted by A.R. before the A.O. as well as the arguments made by him, inclined to agree with the arguments of the A.R. that there was no justification for making this disallowance. Accordingly the AO is directed to delete this addition since they have been already reflected in From No. 16 of the Directors and are part of their remuneration package approved by the Board of Directors of the Company. - Decided in favour of assessee. Addition on account of provision of gratuity and leave encashment - Held that:- In the present case, the assessee by way of scientific methodology had established that the impugned provisions were recognized by using a substantial scientific methodology and estimation which was also certified by an actuarial specialist. In this situation, the provision for gratuity and leave encashment made by the assessee are held to be fully explained or sustainable and the same is allowable as per ratio laid down by the Hon’ble Apex Court in the case of Rotork Controls (2009 (5) TMI 16 - SUPREME COURT OF INDIA). Accordingly, we are unable to see any infirmity or any other valid reason to interfere with the impugned order and we upheld the same. Accordingly, sole ground of the Revenue being devoid of merits being dismissed.- Decided in favour of assessee.
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