Leave encashment provision based on actuarial valuation is not unascertained liability

Provision for leave encashment  on the basis of actuarial valuation report cannot be said an unascertained liability

In this ground, the assessee has contested the action of the Ld. CIT(A) in confirming the action of the Assessing Officer in making an addition of Rs.38,33,170 on account of provision for leave encashment while computing book profit u/s 115JB of the Act.

It is noted that it is an admitted fact that provision for leave encashment has been made on the basis

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