G.E. Power India Ltd. vs ACIT

Whether VRS expenses added back to profit are deductible --- Held No; Whether provision for doubtful debts is an unascertained liability under section 115JB --- Held No; Whether deduction under section 80HHC is allowable from book profit under section 115JB --- Held Yes; Whether set-off of accumulated loss/unabsorbed depreciation from amalgamating company is allowable under section 72A --- Held Yes; Whether club subscription fee is allowable as business expenditure --- Held Yes; Whether unpaid service tax is disallowable under section 43B --- Held No.