https://www.taxtmi.com/caselaws?id=5928 Section 40A(7)(b)(ii) governed the deductibility of gratuity liability claimed on an actuarial basis, and the Court noted that the relevant second and third statutory conditions had not been examined in the light of its earlier interpretation. Because the allowance previously granted had been displaced after a later circular, the deduction question required fresh scrutiny on whether the statutory conditions were in fact met. The matter was therefore remitted to the High Court for reconsideration of gratuity deduction under the correct legal standard. en-us Wed, 08 Jan 1986 00:00:00 +0530 Sat, 29 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5928 Section 40A(7)(b)(ii) governed the deductibility of gratuity liability claimed on an actuarial basis, and the Court noted that the relevant second and third statutory conditions had not been examined in the light of its earlier interpretation. Because the allowance previously granted had been displaced after a later circular, the deduction question required fresh scrutiny on whether the statutory conditions were in fact met. The matter was therefore remitted to the High Court for reconsideration of gratuity deduction under the correct legal standard. Case-Laws Income Tax Wed, 08 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5928