https://www.taxtmi.com/caselaws?id=66467 Gratuity and notice pay claimed following the proprietor's death were not deductible in the relevant accounting year because the business continued uninterrupted and the employees' services were not terminated in substance. The liability had not definitely accrued during the year in which the business was carried on by the assessee, and a liability arising only after the accounting year or from an assumed transfer of business was outside the allowable business deduction. The claim therefore did not satisfy the statutory conditions for an accrued and payable gratuity-related liability and was disallowed. en-us Fri, 26 Oct 1984 00:00:00 +0530 Thu, 24 Feb 2011 18:15:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66467 Gratuity and notice pay claimed following the proprietor's death were not deductible in the relevant accounting year because the business continued uninterrupted and the employees' services were not terminated in substance. The liability had not definitely accrued during the year in which the business was carried on by the assessee, and a liability arising only after the accounting year or from an assumed transfer of business was outside the allowable business deduction. The claim therefore did not satisfy the statutory conditions for an accrued and payable gratuity-related liability and was disallowed. Case-Laws Income Tax Fri, 26 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66467