https://www.taxtmi.com/caselaws?id=790548 Actuarial valuation can support deduction of an employee welfare or benefit provision under section 37(1) where the liability has accrued and is reasonably estimable, even if payment is deferred. The text also explains that a revised Bhavishya Kalyan Yojna claim may be computed on a net actuarial basis, and that Medicare Scheme expenditure recognised through Other Comprehensive Income can be claimed where supported by the actuarial report and year-end attribution. On expense provisions, salary-related items subject to tax deduction at source on payment, and certain campaign, retrofitment, MODVAT/CENVAT reversal and cess-related expenses, are distinguished from items requiring further verification; penalties and CSR-related amounts already disallowed need no further adjustment. en-us Wed, 08 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790548 Actuarial valuation can support deduction of an employee welfare or benefit provision under section 37(1) where the liability has accrued and is reasonably estimable, even if payment is deferred. The text also explains that a revised Bhavishya Kalyan Yojna claim may be computed on a net actuarial basis, and that Medicare Scheme expenditure recognised through Other Comprehensive Income can be claimed where supported by the actuarial report and year-end attribution. On expense provisions, salary-related items subject to tax deduction at source on payment, and certain campaign, retrofitment, MODVAT/CENVAT reversal and cess-related expenses, are distinguished from items requiring further verification; penalties and CSR-related amounts already disallowed need no further adjustment. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790548