https://www.taxtmi.com/caselaws?id=16018 The court ruled in favor of the Revenue, denying the deduction to the assessee for the gratuity fund remittance shortfall due to non-compliance with the statutory requirements outlined in section 40A(7)(b)(ii) of the Income-tax Act, 1961. The court emphasized the mandatory nature of full compliance with statutory provisions, rejecting any proportionate benefit or selective compliance. It held that the assessee must meet all conditions, including timely and full remittance, to claim deductions. The Revenue was awarded costs of Rs. 750 as a result of the judgment. en-us Thu, 11 Jun 1998 00:00:00 +0530 Mon, 31 Aug 2009 15:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16018 The court ruled in favor of the Revenue, denying the deduction to the assessee for the gratuity fund remittance shortfall due to non-compliance with the statutory requirements outlined in section 40A(7)(b)(ii) of the Income-tax Act, 1961. The court emphasized the mandatory nature of full compliance with statutory provisions, rejecting any proportionate benefit or selective compliance. It held that the assessee must meet all conditions, including timely and full remittance, to claim deductions. The Revenue was awarded costs of Rs. 750 as a result of the judgment. Case-Laws Income Tax Thu, 11 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16018