Case Law Details
Case Name : CIT Vs M/s Kamarhatty Company Ltd. (Calcutta High Court)
Related Assessment Year :
Courts :
All High Courts Calcutta High Court
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Brief of the Case : Calcutta High Court held In the case of CIT vs. M/s Kamarhatty Company Ltd. that the views expressed by the tribunal are as per law. Assessee has made the gratuity provision in respect of employees who have already retired. Therefore, the liability is ascertained liability which has already accrued. Accordingly, the deletion of addition made vide clause(c) of Explanation to sec.115-JB is proper.
Facts of the Case
The follo
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