https://www.taxtmi.com/caselaws?id=14007 The High Court upheld the disallowance of gratuity liability claimed by the assessee under the Income-tax Act, 1961, citing section 40A(7) requirements for deductibility. The court found the liability contingent until the right to receive payment accrues to employees, supporting the Tribunal's decision. Regarding the contribution to a provident fund scheme, the court allowed the deduction under section 37, emphasizing commercial expediency and recognition of the fund. The Tribunal's decision in favor of the assessee was upheld, clarifying the treatment of such contributions under the Act. en-us Wed, 27 Jun 2001 00:00:00 +0530 Mon, 06 Jul 2009 18:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14007 The High Court upheld the disallowance of gratuity liability claimed by the assessee under the Income-tax Act, 1961, citing section 40A(7) requirements for deductibility. The court found the liability contingent until the right to receive payment accrues to employees, supporting the Tribunal's decision. Regarding the contribution to a provident fund scheme, the court allowed the deduction under section 37, emphasizing commercial expediency and recognition of the fund. The Tribunal's decision in favor of the assessee was upheld, clarifying the treatment of such contributions under the Act. Case-Laws Income Tax Wed, 27 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14007