2019 (7) TMI 1575

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..... N. K. Poddar,  Mr. Debasish Mitra,. Mr. Siddhartha Das,   The Court :   This is an appeal under Section 260A of the Income Tax Act, 1961. The revenue has come up with this appeal against an order dated 5th August, 2016 passed by the Income Tax Appellate Tribunal, "A" Bench, Kolkata in ITA No. 674/Kol/2012 relating to the Assessment Year 2005-2006 and raised the following ....

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....not Reported" (IBNR) amounting to Rs. 12,77,00,000/- as ascertained liability and should be deducted while computing the book profit under Section 115JB of the Income Tax Act, 1961 while the same is inadmissible in terms of explanation given below Section 115JB of the said Act? So far as the first question is concerned, it is covered by the decision of this Court dated 15th September, 2014 in I....