https://www.taxtmi.com/caselaws?id=15415 The Court upheld the Tribunal's decision, ruling in favor of the assessee and allowing the gratuity payment as an expenditure under Section 57(iii) of the Income Tax Act, 1961. The Court emphasized the nexus between the employees' services and income generation from other sources, rejecting the Revenue's argument against allowing the gratuity deduction. The Court found no reason to interfere with the Tribunal's decision, affirming the validity of the gratuity payment deduction. en-us Wed, 05 Jan 2000 00:00:00 +0530 Thu, 06 Aug 2009 13:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15415 The Court upheld the Tribunal's decision, ruling in favor of the assessee and allowing the gratuity payment as an expenditure under Section 57(iii) of the Income Tax Act, 1961. The Court emphasized the nexus between the employees' services and income generation from other sources, rejecting the Revenue's argument against allowing the gratuity deduction. The Court found no reason to interfere with the Tribunal's decision, affirming the validity of the gratuity payment deduction. Case-Laws Income Tax Wed, 05 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15415