Held that constitutional validity of section 43B(f) had been upheld by Supreme Court in UOI v. Exide Industries Ltd (2020) 273 Taxman 189/ 425 ITR 1 (SC), orders of lower authorities confirming disallowance of leave encashment provision under section 43B(f) is affirmed. (AY. 2010-11)
Everest Industries Ltd. v. DCIT (2022) 196 ITD 563 (Mum.)(Trib.)
S. 43B : Deductions on actual payment-Leave encashment-constitutional validity of section 43B(f) had been upheld by Supreme Court-Disallowance is up held. [S. 43B(f)]