https://www.taxtmi.com/highlights?id=14085 Book profit adjustment - MAT u/s 115JB - provision for retirement benefits – As per this clause (f) of section 43B, the expenses of leave encashment are allowable on an actual payment basis. No corresponding amendment, however, was brought about in Section 115JB of the Act, with the result that the provisions for expenses accrued and ascertained shall be allowed while computing book profits under MAT - AT en-us Sat, 24 Aug 2013 11:13:58 +0530 Sat, 24 Aug 2013 11:13:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=14085 Book profit adjustment - MAT u/s 115JB - provision for retirement benefits – As per this clause (f) of section 43B, the expenses of leave encashment are allowable on an actual payment basis. No corresponding amendment, however, was brought about in Section 115JB of the Act, with the result that the provisions for expenses accrued and ascertained shall be allowed while computing book profits under MAT - AT Highlights Income Tax Sat, 24 Aug 2013 11:13:58 +0530 https://www.taxtmi.com/highlights?id=14085