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Income Tax - Highlights / Catch Notes

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Disallowing entire claim for leave encashment and post ...

Income Tax

March 12, 2022

Disallowing entire claim for leave encashment and post retirement medical benefit - the Assessee’s treatment of the liability in respect of the post retirement medical benefits as reflected in its P&L account should be accepted by the Department and cannot be questioned. - the ITAT was not justified in not allowing the entire claim for leave encashment and post retirement medical benefit determined as an accrued liability and computed on the basis of actuarial valuation. - HC

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