Provision for ascertainable liability deductible in book profit calculation

ITAT CHANDIGARH JCIT v/s.   Shreyans Industries Ltd. IT Appeal No. 1185 (Chd.) of 2011 [Assessment year 2008-09] May 4, 2012 ORDER The present appeal filed by the Revenue is directed against the order dated 16.09.2011 passed by the ld. CIT(A) u/s 250 of the Income-tax Act, 1961 (in short ‘the Act’). 2. In this appeal, the Revenue has raised the following Grounds of Appeal: “1.  That the Ld. CIT(A) has erred in law in deleting the addition of Rs. 34,05,937/- made by the AO in the book profit u/s 115JB as the claim of interest capitalized in earlier years wr...