Unpaid leave encashment cannnot be allowed as deduction, revision by CIT justified

IN THE ITAT BANGALORE BENCH ‘A’ Mysore Sales International Ltd. V/s.  CIT IT Appeal No. 1402 (Bang.) of 2010 [Assessment year 2006-07] Date of Pronouncement – March 30, 2012 ORDER George George K., Judicial Member This appeal instituted by the assessee is directed against the order of the CIT(LTU), Bangalore, dated 30-9-2010 passed u/s 263 of the Income-tax Act, 1961 [hereinafter referred to as “the Act”]. The relevant assessment year is 2006-07. There is a delay of 4 days in filing of the appeal. The assessee-company had filed a petition for co...