Home › Income-Tax Act › ACIT v. Investment Trust of India Ltd. (2021) 88 ITR 566 / 211 TTJ 777 / 203 DTR 289 (Chennai) (Trib.) Dy. CIT v. HFCL Infotel Ltd. (2021) 88 ITR 566/ 211 TTJ 777 / 203 DTR 289 (Chennai)(Trib.)

ACIT v. Investment Trust of India Ltd. (2021) 88 ITR 566 / 211 TTJ 777 / 203 DTR 289 (Chennai) (Trib.) Dy. CIT v. HFCL Infotel Ltd. (2021) 88 ITR 566/ 211 TTJ 777 / 203 DTR 289 (Chennai)(Trib.)

S. 115JB : Book profit-Provision created for premium payable on redemption of debentures-Ascertained liability-Not to be added to book profits.

Held provision created for premium payable on redemption of  debentures is ascertained liability. Not to be added to book profits.  (AY.2003-04 to 2005-06, 2009-10)