https://www.taxtmi.com/caselaws?id=12814 The Tribunal, Commissioner of Income-tax (Appeals), and the High Court ruled in favor of the assessee on all three issues. The deletion of gratuity payable to employees on transfer was upheld, with the provision deemed deductible under section 37(1) of the Income-tax Act. Additionally, the subsidy amount was not deducted from the generator's cost for depreciation calculation. The judgments were in favor of the assessee, supported by legal provisions and case law analysis. en-us Thu, 14 Mar 2002 00:00:00 +0530 Fri, 22 May 2009 11:34:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12814 The Tribunal, Commissioner of Income-tax (Appeals), and the High Court ruled in favor of the assessee on all three issues. The deletion of gratuity payable to employees on transfer was upheld, with the provision deemed deductible under section 37(1) of the Income-tax Act. Additionally, the subsidy amount was not deducted from the generator's cost for depreciation calculation. The judgments were in favor of the assessee, supported by legal provisions and case law analysis. Case-Laws Income Tax Thu, 14 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12814