Provision for gratuity liability cannot be added back in computation of book profit u/s. 115JB

HIGH COURT OF GUJARAT Deputy Commissioner of Income-tax Versus Inox Leisure Ltd. TAX APPEAL NOs. 167 to 169 OF 2012 JANUARY 8, 2013 JUDGMENT Akil Kureshi, J. These appeals arise out of the common background. They have been heard together and would be disposed of by this common judgement. 2. Facts being identical, we may notice those as stated in Tax Appeal No. 167 of 2012. For the assessment year 2003-04 revenue has challenged judgement of Income Tax Appellate Tribunal (‘the Tribunal’ for short) dated 09.09.2011. Following questions have been presented for our cons...