https://www.taxtmi.com/caselaws?id=268326 ITAT (Kolkata) upheld deletion of an AO's addition for alleged excess deferred tax liability, finding the liability did not reduce returned income and did not affect taxable income; additions relating to agency commission, miscellaneous receipts and earlier adjustments were disallowed for purposes of s.80HHC. For computation under s.115JB, the tribunal held books' profit must reflect the amount of export profit claimed as eligible under s.80HHC (not the lesser amount actually allowed), gratuity provisions based on actuarial valuation are not unascertained liabilities and thus not addable under Explanation 1(c), and Rule 8/ s.10(1) treatment for tea income must be given effect. en-us Thu, 08 Oct 2015 00:00:00 +0530 Thu, 21 Aug 2025 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268326 ITAT (Kolkata) upheld deletion of an AO's addition for alleged excess deferred tax liability, finding the liability did not reduce returned income and did not affect taxable income; additions relating to agency commission, miscellaneous receipts and earlier adjustments were disallowed for purposes of s.80HHC. For computation under s.115JB, the tribunal held books' profit must reflect the amount of export profit claimed as eligible under s.80HHC (not the lesser amount actually allowed), gratuity provisions based on actuarial valuation are not unascertained liabilities and thus not addable under Explanation 1(c), and Rule 8/ s.10(1) treatment for tea income must be given effect. Case-Laws Income Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268326