https://www.taxtmi.com/caselaws?id=69939 A gratuity provision made on an actuarial basis for an approved gratuity fund already in existence was deductible under the statutory exceptions, because the prohibition on gratuity provisions did not apply to such a fund-backed liability. The transitory payment condition in section 40A(7)(b)(ii) was treated as a hardship-relief measure for the retrospective amendment and not as a limitation on cases covered by section 40A(7)(b)(i) or section 36(1)(v). The amount actually paid during the year was also separately allowable on payment basis. en-us Sat, 24 Jul 1982 00:00:00 +0530 Wed, 13 Apr 2011 10:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69939 A gratuity provision made on an actuarial basis for an approved gratuity fund already in existence was deductible under the statutory exceptions, because the prohibition on gratuity provisions did not apply to such a fund-backed liability. The transitory payment condition in section 40A(7)(b)(ii) was treated as a hardship-relief measure for the retrospective amendment and not as a limitation on cases covered by section 40A(7)(b)(i) or section 36(1)(v). The amount actually paid during the year was also separately allowable on payment basis. Case-Laws Income Tax Sat, 24 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69939