Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Supreme Court Upholds High Court Decision on Gratuity Deduction</h1> The Supreme Court dismissed the Revenue's appeal against the High Court of Bombay's decision regarding the deduction of gratuity provision under section ... Whether provision for gratuity is allowable as deduction - Held, yes The Supreme Court dismissed the Revenue's appeal against the High Court of Bombay's rejection of an application under section 256(2) of the Income-tax Act, 1961. The appeal concerned the deduction of gratuity provision for the assessment year 1972-73, which was allowed under section 37 of the Income-tax Act. The Court found no error in the High Court's decision and dismissed the appeal.