https://www.taxtmi.com/caselaws?id=16223 The High Court of MADRAS addressed the deduction of gratuity liability under section 40A(7) of the Income-tax Act, 1961 for the assessment year 1975-76. The court upheld the Tribunal's decision that safeguarded the assessee's position in case of a reversal on deductions for earlier years, answering both issues against the assessee. The Tribunal's direction to delete the set off for the current year if the High Court reversed its view on earlier years was deemed sufficient to protect the assessee's interest, with no further directions given. en-us Tue, 21 Apr 1998 00:00:00 +0530 Tue, 01 Sep 2009 18:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16223 The High Court of MADRAS addressed the deduction of gratuity liability under section 40A(7) of the Income-tax Act, 1961 for the assessment year 1975-76. The court upheld the Tribunal's decision that safeguarded the assessee's position in case of a reversal on deductions for earlier years, answering both issues against the assessee. The Tribunal's direction to delete the set off for the current year if the High Court reversed its view on earlier years was deemed sufficient to protect the assessee's interest, with no further directions given. Case-Laws Income Tax Tue, 21 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16223