https://www.taxtmi.com/caselaws?id=58918 The ITAT Bombay-D held that the liability for power charges payable to the Maharashtra State Electricity Board was ascertained for the assessment year 1990-91 and could be excluded from book profits under section 115J. The tribunal rejected the revenue's appeal but dismissed certain grounds of the assessee's appeal concerning liabilities from previous years. The decision was based on a thorough analysis of the evidence and arguments presented by both parties regarding the date of ascertainment of the liability. en-us Mon, 26 Sep 1994 00:00:00 +0530 Wed, 22 Dec 2010 17:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58918 The ITAT Bombay-D held that the liability for power charges payable to the Maharashtra State Electricity Board was ascertained for the assessment year 1990-91 and could be excluded from book profits under section 115J. The tribunal rejected the revenue's appeal but dismissed certain grounds of the assessee's appeal concerning liabilities from previous years. The decision was based on a thorough analysis of the evidence and arguments presented by both parties regarding the date of ascertainment of the liability. Case-Laws Income Tax Mon, 26 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58918