https://www.taxtmi.com/caselaws?id=190287 The ITAT Ahmedabad ruled in favor of the Assessee, allowing the deduction for gratuity payment as it was made to the employee. However, the disallowance of depreciation on investment was remitted back to the CIT(A) for reevaluation based on decisions cited by the Assessee. The judgment emphasized the importance of proper accounting practices and adherence to legal provisions in determining the allowability of expenses and losses. en-us Fri, 12 Sep 2014 00:00:00 +0530 Sat, 11 Feb 2017 10:37:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190287 The ITAT Ahmedabad ruled in favor of the Assessee, allowing the deduction for gratuity payment as it was made to the employee. However, the disallowance of depreciation on investment was remitted back to the CIT(A) for reevaluation based on decisions cited by the Assessee. The judgment emphasized the importance of proper accounting practices and adherence to legal provisions in determining the allowability of expenses and losses. Case-Laws Income Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190287