Allowability of Unfunded actuarial liability for pension in respect of employees payable till death

Allowability of unfunded actuarial liability for pension in respect of employees payable till death

Brooke Bond India Ltd. Vs. JCIT & Anr. (Calcutta High Court) – Tribunal was justified in law in not allowing the sum of Rs.1,43,35,000/- which represents the liability on account of pension on the basis of the resolution of the Board payable to the employee till their death.  Whether, the liability on account of pension on the basis of the provisions made should be allowed for the period till the death of the employees or all liabilities should be limited for the period of accounting year relevant to this assessment year.

IN THE HIGH COURT AT CALCUTTA

Appellate/Revisional/Civil Jurisdiction

ITA 139 of 1999

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