https://www.taxtmi.com/caselaws?id=15175 The High Court ruled against the assessee, holding that the insurance premium paid under the group gratuity scheme was impermissible for deduction under section 37 of the Income-tax Act, 1961. The court referred to the apex court's decision in Shree Sajjan Mills Ltd. v. CIT [1985] 156 ITR 585, emphasizing the conditions in section 40A(7) for gratuity deductions. Consequently, the court answered the reference question in the negative, favoring the Department over the assessee, and disposed of the tax case without awarding costs. en-us Tue, 21 Apr 1998 00:00:00 +0530 Mon, 03 Aug 2009 15:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15175 The High Court ruled against the assessee, holding that the insurance premium paid under the group gratuity scheme was impermissible for deduction under section 37 of the Income-tax Act, 1961. The court referred to the apex court's decision in Shree Sajjan Mills Ltd. v. CIT [1985] 156 ITR 585, emphasizing the conditions in section 40A(7) for gratuity deductions. Consequently, the court answered the reference question in the negative, favoring the Department over the assessee, and disposed of the tax case without awarding costs. Case-Laws Income Tax Tue, 21 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15175