Provision for Gratuity not to be added to calculate book profit U/s. 115JB of the Income-tax Act

RELEVANT PARAGRAPH

18. We have heard both the parties and have gone through the orders, decisions and judgments and provisions of the Income-tax Act. From the facts, it is noticed that the objection of the revenue is with regard to the assessee’s failure to follow the AS-15 and the ‘actuarial method’ referred therein and not disputed the quantification of the ‘provision of gratuity. In other words, the incorrect quantification of the prov

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