https://www.taxtmi.com/caselaws?id=12418 The High Court affirmed the Tribunal's decision to allow the deduction of payments made directly to LIC for the group gratuity fund under section 36(1)(v) of the Income-tax Act, 1961. The Court held that the payments were indeed towards the group gratuity fund, as evidenced by the policy and contributions, and were eligible for the deduction. The direct payments to LIC did not disqualify the assessee from claiming the deduction, and the Court ruled in favor of the assessee, upholding the lower authorities' interpretation of the law and the Supreme Court precedent. en-us Mon, 04 Feb 2002 00:00:00 +0530 Wed, 24 Feb 2010 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12418 The High Court affirmed the Tribunal's decision to allow the deduction of payments made directly to LIC for the group gratuity fund under section 36(1)(v) of the Income-tax Act, 1961. The Court held that the payments were indeed towards the group gratuity fund, as evidenced by the policy and contributions, and were eligible for the deduction. The direct payments to LIC did not disqualify the assessee from claiming the deduction, and the Court ruled in favor of the assessee, upholding the lower authorities' interpretation of the law and the Supreme Court precedent. Case-Laws Income Tax Mon, 04 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12418