https://www.taxtmi.com/caselaws?id=266231 The Tribunal upheld the decision of the CIT(A) and dismissed the Revenue's appeal regarding the addition of provisions for gratuity and leave encashment. The Tribunal found that the provisions were scientifically calculated and met legal recognition criteria, as per the Supreme Court's decision in Rotork Controls case. The Tribunal concluded that the provisions were justified and allowable under legal principles, ultimately ruling in favor of the assessee and emphasizing the adherence to scientific methodology in recognizing such liabilities. en-us Wed, 20 May 2015 00:00:00 +0530 Mon, 19 Oct 2015 07:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266231 The Tribunal upheld the decision of the CIT(A) and dismissed the Revenue's appeal regarding the addition of provisions for gratuity and leave encashment. The Tribunal found that the provisions were scientifically calculated and met legal recognition criteria, as per the Supreme Court's decision in Rotork Controls case. The Tribunal concluded that the provisions were justified and allowable under legal principles, ultimately ruling in favor of the assessee and emphasizing the adherence to scientific methodology in recognizing such liabilities. Case-Laws Income Tax Wed, 20 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266231