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For computing book profit as per MAT, provision for gratuity not to be considered since it is not an ascertained liability

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  • For computing book profit as per MAT, provision for gratuity not to be considered since it is not an ascertained liability
Posted onon December 9, 2019

Tenet Tax Daily December 09 2019

By tenettax-team
Corporate Tax

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Concluding that money lending wasn’t principle business of assessee on the basis that majority of assessee’s funds were invested in shares held incorrect
Cash payments made by assessee to farmers allowed even in absence of names of farmers

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