https://www.taxtmi.com/caselaws?id=217726 A statutory contribution to an education fund under the Haryana Co-operative Societies Rules is deductible on accrual because the liability arises as a compulsory charge under the governing rules, not as a voluntary or contingent expense; later payment does not defeat the year of accrual. A provision for gratuity is not barred by Section 40A(7) where it is made toward an approved gratuity fund, including payments connected with gratuity obligations through LIC, because the statutory exception applies. On that basis, both disallowances were deleted. en-us Fri, 13 Jul 2012 00:00:00 +0530 Tue, 23 Oct 2012 22:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217726 A statutory contribution to an education fund under the Haryana Co-operative Societies Rules is deductible on accrual because the liability arises as a compulsory charge under the governing rules, not as a voluntary or contingent expense; later payment does not defeat the year of accrual. A provision for gratuity is not barred by Section 40A(7) where it is made toward an approved gratuity fund, including payments connected with gratuity obligations through LIC, because the statutory exception applies. On that basis, both disallowances were deleted. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217726