https://www.taxtmi.com/caselaws?id=15937 The High Court of Madras held in favor of the assessee, a subsidiary of a trading company, allowing the deduction for a contribution made towards an approved gratuity fund for employees under section 36(1)(v) of the Income-tax Act. The court determined that employees from the holding company, taken over by the assessee, were eligible for gratuity, fulfilling the conditions for the deduction. The court emphasized that the inquiry under the Act is limited to meeting prescribed conditions, not the duration of employee service. The court affirmed the Tribunal's decision, ruling that the contribution to the gratuity fund was deductible, against the Revenue. en-us Wed, 24 Dec 1997 00:00:00 +0530 Mon, 31 Aug 2009 10:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15937 The High Court of Madras held in favor of the assessee, a subsidiary of a trading company, allowing the deduction for a contribution made towards an approved gratuity fund for employees under section 36(1)(v) of the Income-tax Act. The court determined that employees from the holding company, taken over by the assessee, were eligible for gratuity, fulfilling the conditions for the deduction. The court emphasized that the inquiry under the Act is limited to meeting prescribed conditions, not the duration of employee service. The court affirmed the Tribunal's decision, ruling that the contribution to the gratuity fund was deductible, against the Revenue. Case-Laws Income Tax Wed, 24 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15937