https://www.taxtmi.com/caselaws?id=16200 The High Court of Madras ruled that the deduction sought by the assessee for insurance premium paid under the group gratuity scheme is impermissible under section 37 of the Income-tax Act, 1961. The court emphasized that for gratuity to be deductible, the conditions of section 40A(7) must be met, and section 40A prevails over other provisions related to income computation. Consequently, the court answered the question in the negative, favoring the Revenue Department, and disposed of the tax cases without costs to either party. en-us Thu, 29 Jan 1998 00:00:00 +0530 Tue, 01 Sep 2009 16:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16200 The High Court of Madras ruled that the deduction sought by the assessee for insurance premium paid under the group gratuity scheme is impermissible under section 37 of the Income-tax Act, 1961. The court emphasized that for gratuity to be deductible, the conditions of section 40A(7) must be met, and section 40A prevails over other provisions related to income computation. Consequently, the court answered the question in the negative, favoring the Revenue Department, and disposed of the tax cases without costs to either party. Case-Laws Income Tax Thu, 29 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16200