https://www.taxtmi.com/caselaws?id=15831 Gratuity liability up to the date of vesting remained deductible where a business undertaking vested in the State under a statutory acquisition scheme and the gratuity amount was adjusted against compensation payable to the assessee. The legal effect was that direct payment by the assessee to employees was not necessary if the liability was discharged on its behalf through set-off or adjustment under the acquisition framework. The principle, as noted in the cited precedent and approved by the Supreme Court, was applied in favour of allowing the deduction. en-us Thu, 26 Aug 1999 00:00:00 +0530 Sat, 29 Aug 2009 13:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15831 Gratuity liability up to the date of vesting remained deductible where a business undertaking vested in the State under a statutory acquisition scheme and the gratuity amount was adjusted against compensation payable to the assessee. The legal effect was that direct payment by the assessee to employees was not necessary if the liability was discharged on its behalf through set-off or adjustment under the acquisition framework. The principle, as noted in the cited precedent and approved by the Supreme Court, was applied in favour of allowing the deduction. Case-Laws Income Tax Thu, 26 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15831