https://www.taxtmi.com/caselaws?id=5441 For assessment year 1972-73, the deduction allowed for a provision made towards gratuity was considered in light of section 40A(7), but that provision, introduced later with effect from 1 April 1973, did not govern the year in question. The gratuity provision had been allowed under section 37, and the Revenue failed to show any basis for treating the allowance as referable on the issue raised. The refusal to direct a reference under section 256(2) was therefore upheld, as no error was found in the High Court's decision not to call for a reference on admissibility of the deduction. en-us Thu, 09 Sep 1993 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5441 For assessment year 1972-73, the deduction allowed for a provision made towards gratuity was considered in light of section 40A(7), but that provision, introduced later with effect from 1 April 1973, did not govern the year in question. The gratuity provision had been allowed under section 37, and the Revenue failed to show any basis for treating the allowance as referable on the issue raised. The refusal to direct a reference under section 256(2) was therefore upheld, as no error was found in the High Court's decision not to call for a reference on admissibility of the deduction. Case-Laws Income Tax Thu, 09 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5441