Leave Encashment Section 43B

ITAT Rules MAT Not Applicable to Nationalised Banks; Grants Relief The assessee, M/s UCO Bank, a nationalised bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, filed its return for AY 2013-14. During assessment, the Assessing Officer (AO) made multiple additions, including disallowance of provision for leave encashment under Section 43B(f),…