https://www.taxtmi.com/caselaws?id=282279 The Tribunal upheld the CIT(A)'s decision that provisions for leave encashment, staff incentive, and gratuity, determined through actuarial valuation, constitute ascertained liabilities and should not be added back to book profits u/s 115 JB of the Income Tax Act. The Tribunal remanded the issue of staff incentive provision back to the Assessing Officer for further examination. The revenue's appeals were partly allowed for statistical purposes based on these decisions. en-us Tue, 11 Jun 2013 00:00:00 +0530 Wed, 31 Jul 2019 17:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282279 The Tribunal upheld the CIT(A)'s decision that provisions for leave encashment, staff incentive, and gratuity, determined through actuarial valuation, constitute ascertained liabilities and should not be added back to book profits u/s 115 JB of the Income Tax Act. The Tribunal remanded the issue of staff incentive provision back to the Assessing Officer for further examination. The revenue's appeals were partly allowed for statistical purposes based on these decisions. Case-Laws Income Tax Tue, 11 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282279