Provision for various expenses incurred during the year for which the bills were not received by the year end is ascertained liability, the same cannot be added back while computing book profit. (AY. 2010-11)
Barclays Shared Services (P) Ltd. v. ACIT (2021) 202 DTR 185/(2022) 216 TTJ 228 (Pune)(Trib.)
S. 115JB : Book profit-Provision for expenses-Ascertained liability-Cannot be added back. [S. 37(1)]