Deduction on leave encashment not available on accrual basis

Global E-Business Operations Private Limited Vs DCIT (ITAT Bangalore) ITAT Bangalore held that as per provisions of section 43B(f) of the Income Tax Act deduction on leave encashment is available on actual payment basis and not available on accrual basis. Facts- During the course of assessment proceedings, it was noticed that the assessee had entered into several international transactions with its Associate Enterprises (AEs). AO referred the matter to the TPO to determine the Arm’s Length Price (ALP) of the international transactions undertaken by the assessee with its AEs. TPO passed an or...