The Tax Publishers2019 TaxPub(DT) 8249 (SC)

INCOME TAX ACT, 1961

Section 261 Section 43B(f)

Where the assessee filed SLP to appeal against the judgment of Kerala High Court in Dhanalakshmi Bank Ltd. v. CIT [ITA No. 456/2009, ITA No. 1108/2009, ITA No. 116/2012, ITA No. 126/2012, ITA No. 1318/2009, ITA No. 148/2012, ITA No. 1691/2009, ITA No. 498/2009, ITA No. 635/2009, ITA No. 643/2009, ITA No. 651/2009, ITA No. 712/2009, ITA No. 717/2009, dt. 11-12-2018] : (2019) 410 ITR 280 (Ker.) : 2018 TaxPub(DT) 7982 (Ker-HC), whereby the High Court held that disallowance of provision for leave encashment under section 43B(f) is allowable as said section speaks of certain deduction only on actual payment, the Supreme Court directed the Registry to issue notice in SLP(C) Nos. 15297 to 15299 of 2019 and 15301 of 2019 while dismissed the SLP(C) No. 15302 of 2019.

Appeal (Supreme Court) - Special leave petition - Business disallowance under section 43B - Deduction on actual payment--Provision for leave encashment

Assessee filed SLP to appeal against the judgment of Kerala High Court in Dhanalakshmi Bank Ltd. v. CIT [ITA No. 456/2009, ITA No. 1108/2009, ITA No. 116/2012, ITA No. 126/2012, ITA No. 1318/2009, ITA No. 148/2012, ITA No. 1691/2009, ITA No. 498/2009, ITA No. 635/2009, ITA No. 643/2009, ITA No. 651/2009, ITA No. 712/2009, ITA No. 717/2009, dt. 11-12-2018] : (2019) 410 ITR 280 (Ker.) : 2018 TaxPub(DT) 7982 (Ker-HC), whereby the High Court held that disallowance of provision for leave encashment under section 43B(f) is allowable as said section speaks of certain deduction only on actual payment.Held: The Supreme Court directed the Registry to issue notice in SLP(C) Nos. 15297 to 15299 of 2019 and 15301 of 2019 while dismissed the SLP(C) No. 15302 of 2019.

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