https://www.taxtmi.com/caselaws?id=62202 The Appellate Tribunal partially allowed the appeal, overturning the rejection of books of accounts under Section 145(2) of the IT Act, accepting the deduction of gratuity payment under Section 37 and Section 40A(7), but modifying the genuineness of cash credits in the names of employees. The Tribunal estimated the assessee's income at Rs. 3 lakhs for the assessment year and directed the Income Tax Officer to adjust the assessment accordingly. en-us Tue, 07 May 1991 00:00:00 +0530 Tue, 18 Jan 2011 15:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62202 The Appellate Tribunal partially allowed the appeal, overturning the rejection of books of accounts under Section 145(2) of the IT Act, accepting the deduction of gratuity payment under Section 37 and Section 40A(7), but modifying the genuineness of cash credits in the names of employees. The Tribunal estimated the assessee's income at Rs. 3 lakhs for the assessment year and directed the Income Tax Officer to adjust the assessment accordingly. Case-Laws Income Tax Tue, 07 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62202