https://www.taxtmi.com/caselaws?id=69837 The appeals were partially allowed, with disallowances under section 40A(5) for the assessment years 1977-78 and 1978-79 being upheld. However, the disallowance of excess contribution to Gratuity Funds was deleted for both years. The claim for a goodwill payment deduction was rejected due to the liability arising outside the accounting year. The disallowance of the cost of gold medals and other articles given to workmen was deleted, and an additional ground for a claimed amount in 1977-78 was allowed based on settlement terms related to an industrial dispute, deemed deductible under section 37 for commercial expediency. en-us Thu, 18 Aug 1983 00:00:00 +0530 Tue, 12 Apr 2011 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69837 The appeals were partially allowed, with disallowances under section 40A(5) for the assessment years 1977-78 and 1978-79 being upheld. However, the disallowance of excess contribution to Gratuity Funds was deleted for both years. The claim for a goodwill payment deduction was rejected due to the liability arising outside the accounting year. The disallowance of the cost of gold medals and other articles given to workmen was deleted, and an additional ground for a claimed amount in 1977-78 was allowed based on settlement terms related to an industrial dispute, deemed deductible under section 37 for commercial expediency. Case-Laws Income Tax Thu, 18 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69837