The Union Of India & Ors. vs Exide Industries Limited & Anr.
Whether clause (f) of Section 43B of the Income Tax Act, 1961, which allows deduction for leave encashment liability only on actual payment, is arbitrary and violative of Article 14 of the Constitution of India --- Held No. The clause is constitutionally valid as it falls within the legislative competence and does not violate fundamental rights.
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