https://www.taxtmi.com/caselaws?id=181737 The Tribunal upheld the deletion of the Rs. 50 lakhs addition as revenue in nature, ruling it was interest payment for the business. The CIT(A) was directed to recompute book profit under section 115JB by including deferred tax per a retrospective amendment. The Tribunal confirmed the deletion of Rs. 1,73,845 for gratuity provision, considering it an allowable ascertained liability. The Revenue's appeals were dismissed in all three issues, supporting the assessee's positions. en-us Fri, 09 Apr 2010 00:00:00 +0530 Fri, 22 Apr 2016 18:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181737 The Tribunal upheld the deletion of the Rs. 50 lakhs addition as revenue in nature, ruling it was interest payment for the business. The CIT(A) was directed to recompute book profit under section 115JB by including deferred tax per a retrospective amendment. The Tribunal confirmed the deletion of Rs. 1,73,845 for gratuity provision, considering it an allowable ascertained liability. The Revenue's appeals were dismissed in all three issues, supporting the assessee's positions. Case-Laws Income Tax Fri, 09 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181737