2011 (1) TMI 1308

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....espondent ORDER The following questions of law were framed to be answered by this court: 1. Whether the Tribunal was justified in holding that the entire sum of Rs. 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 all....

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....the AO to adjust the aforesaid amount while computing book profit u/s 115J of the Act for the relevant financial year. It was thus 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 c....