https://www.taxtmi.com/caselaws?id=15339 The court ruled in favor of the assessee, allowing the provision made for gratuity as a deduction for the assessment year 1975-76. The court emphasized the special provision under section 40A(7)(b)(ii) of the Income-tax Act, designed to protect employees during a transition period. As the assessee had credited the entire amount to the fund within the specified period, the provision was deemed eligible for deduction. The judgment supported the assessee's claim, permitting the deduction of Rs. 1,06,889 for the assessment year in question. en-us Wed, 25 Nov 1998 00:00:00 +0530 Tue, 04 Aug 2009 18:34:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15339 The court ruled in favor of the assessee, allowing the provision made for gratuity as a deduction for the assessment year 1975-76. The court emphasized the special provision under section 40A(7)(b)(ii) of the Income-tax Act, designed to protect employees during a transition period. As the assessee had credited the entire amount to the fund within the specified period, the provision was deemed eligible for deduction. The judgment supported the assessee's claim, permitting the deduction of Rs. 1,06,889 for the assessment year in question. Case-Laws Income Tax Wed, 25 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15339