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2011 (3) TMI 503 - AT - Income TaxProvision for gratuity - The A.O. while computing income u/s 115JB added the amount of Rs. 3,17,087/- on account of the provision for gratuity on the ground that the amounts set aside towards provisions made for meeting the liability other than ascertained liability - Since, the provision has been made on the basis of Actuarial Certificate - Therefore, the provisions made cannot be treated for an unascertained liability - Therefore, the provisions made on accounts of ascertained liability cannot be added under clause (c) of Explanation (1) of Section 115JB(2) of the Act - Decided in favour of assessee.
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