https://www.taxtmi.com/caselaws?id=70231 The Appellate Tribunal ITAT MADRAS-C ruled in favor of the assessee, M/s T.I. Miller Ltd., Madras, in an income-tax assessment case for the year 1973-74. The dispute centered on the disallowance of the provision for gratuity by the ITO under section 40A(7) of the IT Act. The Tribunal held that the ITO's rectification was not justified, restoring the original allowance granted by the ITO and modifying the CIT(A)'s order. The decision highlighted the debatable nature of the issue and favored the assessee's position on the deduction of the provision for gratuity. en-us Mon, 14 Feb 1983 00:00:00 +0530 Fri, 15 Apr 2011 10:05:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70231 The Appellate Tribunal ITAT MADRAS-C ruled in favor of the assessee, M/s T.I. Miller Ltd., Madras, in an income-tax assessment case for the year 1973-74. The dispute centered on the disallowance of the provision for gratuity by the ITO under section 40A(7) of the IT Act. The Tribunal held that the ITO's rectification was not justified, restoring the original allowance granted by the ITO and modifying the CIT(A)'s order. The decision highlighted the debatable nature of the issue and favored the assessee's position on the deduction of the provision for gratuity. Case-Laws Income Tax Mon, 14 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70231