https://www.taxtmi.com/caselaws?id=234535 The Tribunal ruled in favor of the taxpayer on all three issues. It held that the provision of leave encashment, staff incentive, and gratuity were ascertained liabilities and should not be added back to the book profits under section 115 JB of the Act. The Tribunal emphasized that actuarial valuation should determine these provisions, rejecting the Revenue's arguments. The Tribunal partially allowed the Revenue's appeals for statistical purposes, acknowledging the detailed legal analysis presented. en-us Tue, 11 Jun 2013 00:00:00 +0530 Sat, 15 Jun 2013 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234535 The Tribunal ruled in favor of the taxpayer on all three issues. It held that the provision of leave encashment, staff incentive, and gratuity were ascertained liabilities and should not be added back to the book profits under section 115 JB of the Act. The Tribunal emphasized that actuarial valuation should determine these provisions, rejecting the Revenue's arguments. The Tribunal partially allowed the Revenue's appeals for statistical purposes, acknowledging the detailed legal analysis presented. Case-Laws Income Tax Tue, 11 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234535