https://www.taxtmi.com/caselaws?id=12905 The High Court upheld the Tribunal's decision, allowing the deduction claim under section 43B(b) for payment towards a group gratuity scheme, despite the cheque not being encashed within 15 days. The Court emphasized that the payment was made, employees received benefits, and denying the deduction would be unjust as the assessee fulfilled its obligation. The Court aligned its interpretation with the tax statute's objective of granting deductions for such payments, ensuring justice and upholding the Tribunal's ruling in favor of the assessee. en-us Tue, 04 Dec 2001 00:00:00 +0530 Fri, 22 May 2009 18:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12905 The High Court upheld the Tribunal's decision, allowing the deduction claim under section 43B(b) for payment towards a group gratuity scheme, despite the cheque not being encashed within 15 days. The Court emphasized that the payment was made, employees received benefits, and denying the deduction would be unjust as the assessee fulfilled its obligation. The Court aligned its interpretation with the tax statute's objective of granting deductions for such payments, ensuring justice and upholding the Tribunal's ruling in favor of the assessee. Case-Laws Income Tax Tue, 04 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12905