Case Law Details
Case Name : Tamil Nadu Small Industries Corporation Ltd. Vs ACIT (Madras High Court)
Related Assessment Year :
Courts :
All High Courts Madras High Court
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Tamil Nadu Small Industries Corporation Ltd. Vs ACIT (Madras High Court)
Madras High Court held that provision for leave salary is not allowable as deduction under section 43B(f) of the Income Tax Act since deduction of actual payment is allowable and not of provision. Accordingly, question of law answered in favour of revenue.
Facts- The substantial question of law that arises for consideration vide the present appeal is that whether on the facts and in the circumstances of the case, the Hon’ble Tribunal was right in rejecting the claim of the appella
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