https://www.taxtmi.com/caselaws?id=390377 The Tribunal held that the provision for leave encashment made on an actuarial basis is an ascertained liability and should not be added to the book profit under Section 115JB. Similarly, the provision for wealth tax and the difference between net present value and future liability related to deferred sales tax were also not considered taxable. The additions made by the Assessing Officer on various grounds were deleted. The Tribunal allowed the appeals of the assessee for multiple assessment years, while the revenue's appeal for one year was dismissed. en-us Mon, 23 Dec 2019 00:00:00 +0530 Tue, 31 Dec 2019 15:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390377 The Tribunal held that the provision for leave encashment made on an actuarial basis is an ascertained liability and should not be added to the book profit under Section 115JB. Similarly, the provision for wealth tax and the difference between net present value and future liability related to deferred sales tax were also not considered taxable. The additions made by the Assessing Officer on various grounds were deleted. The Tribunal allowed the appeals of the assessee for multiple assessment years, while the revenue's appeal for one year was dismissed. Case-Laws Income Tax Mon, 23 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390377