2011 (1) TMI 1308

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....g questions of law were framed to be answered by this court: 1. Whether the Tribunal was justified in holding that the entire sum of ₹ 15 lacs shown as provision was not to be taken note of while computing the book profit under Section 115J of the Income Tax Act, 1961? 2. Whether the Tribunal was justified in holding that deduction under Section 80I is allowable without taking note of the ....

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....us submitted that addition made in this respect is liable to be deleted?.? In view of the aforesaid finding, it cannot be said that it is an unascertained liability which had to be added back to the net profits under Section 115J of the Income Tax Act, 1961. Since we concur with the view taken by the ITAT this question has to be answered in favour of the assessee. In so far as second question is ....