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2016 (5) TMI 1519 - AT - Income TaxLiability towards gratuity and payable to employees - represented an unascertained liability so as to enhance the book profit in terms of provisions of Clause (c ) of Explanation to Section 115JA(1) - HELD THAT:- The issue relating to provision for gratuity is restored back to the file of the AO to be adjudicated in the same manner as has been directed, for AY 2002-03. However, the provision for leave encashment is to be considered ascertained liability and, therefore, not required to be added back for computing book profits u/s 115JB.
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