https://www.taxtmi.com/caselaws?id=5703 The High Court upheld the Revenue's stance, ruling that the appellant's claim for deduction of gratuity for the assessment year 1971-72 was not allowable. The court emphasized that the liability for gratuity had arisen in the 1969-70 accounting year and should have been claimed then. The appellant's accounting entry without actual payment did not meet the requirements for deduction under both mercantile and cash accounting principles. The court dismissed the appeal without awarding costs, highlighting the significance of timing and actual payments in claiming tax deductions for gratuity liabilities under the Ordinance. en-us Tue, 06 Feb 1996 00:00:00 +0530 Thu, 27 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5703 The High Court upheld the Revenue's stance, ruling that the appellant's claim for deduction of gratuity for the assessment year 1971-72 was not allowable. The court emphasized that the liability for gratuity had arisen in the 1969-70 accounting year and should have been claimed then. The appellant's accounting entry without actual payment did not meet the requirements for deduction under both mercantile and cash accounting principles. The court dismissed the appeal without awarding costs, highlighting the significance of timing and actual payments in claiming tax deductions for gratuity liabilities under the Ordinance. Case-Laws Income Tax Tue, 06 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5703