https://www.taxtmi.com/caselaws?id=347717 The Tribunal partially allowed the revenue's appeal, setting aside the issue of net worth calculation for further verification. The Ld. CIT(A)'s deletion of adjustments to the book profit, including provisions for gratuity, leave encashment, and accumulated losses of a sick industrial company, was upheld. The Tribunal directed the assessing officer to accurately ascertain the net worth and allow the deduction if the net worth turned positive during the relevant year. en-us Tue, 05 Sep 2017 00:00:00 +0530 Sat, 09 Sep 2017 09:19:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347717 The Tribunal partially allowed the revenue's appeal, setting aside the issue of net worth calculation for further verification. The Ld. CIT(A)'s deletion of adjustments to the book profit, including provisions for gratuity, leave encashment, and accumulated losses of a sick industrial company, was upheld. The Tribunal directed the assessing officer to accurately ascertain the net worth and allow the deduction if the net worth turned positive during the relevant year. Case-Laws Income Tax Tue, 05 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347717