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Income Tax - Highlights / Catch Notes

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Leave encashment - whether not an ascertained liability and thus ...


High Court Rules Leave Encashment Not an Ascertained Liability; Excluded from "Book Profit" u/s 115 JB MAT.

June 5, 2013

Case Laws     Income Tax     HC

Leave encashment - whether not an ascertained liability and thus liable to be added to the “book profit” under explanation 1 to Section 115 JB - MAT - Held no - HC

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