https://www.taxtmi.com/caselaws?id=70146 The Tribunal held that the provision of Rs. 1,06,889 for gratuity made by the assessee was deductible under Section 40A(7) of the IT Act for the assessment year 1975-76. The Tribunal found the provision was made in accordance with an actuarial valuation, did not exceed the admissible amount, and met all conditions under Section 40A(7)(b). The Tribunal dismissed the departmental appeal, affirming the deductibility of the provision and clarifying that arguments regarding incremental versus full liability were irrelevant post the enactment of Section 40A(7). en-us Fri, 10 Apr 1981 00:00:00 +0530 Thu, 14 Apr 2011 15:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70146 The Tribunal held that the provision of Rs. 1,06,889 for gratuity made by the assessee was deductible under Section 40A(7) of the IT Act for the assessment year 1975-76. The Tribunal found the provision was made in accordance with an actuarial valuation, did not exceed the admissible amount, and met all conditions under Section 40A(7)(b). The Tribunal dismissed the departmental appeal, affirming the deductibility of the provision and clarifying that arguments regarding incremental versus full liability were irrelevant post the enactment of Section 40A(7). Case-Laws Income Tax Fri, 10 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70146