https://www.taxtmi.com/caselaws?id=16519 The court declined to answer the questions directly but directed the Assessing Officer to determine the payment of gratuity based on actuarial valuation to ascertain the existing liability accurately. The judgment emphasized the importance of actuarial valuation in distinguishing between contingent and existing liabilities, ensuring a fair assessment of the estate's financial obligations. en-us Thu, 13 Nov 1997 00:00:00 +0530 Tue, 08 Sep 2009 12:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16519 The court declined to answer the questions directly but directed the Assessing Officer to determine the payment of gratuity based on actuarial valuation to ascertain the existing liability accurately. The judgment emphasized the importance of actuarial valuation in distinguishing between contingent and existing liabilities, ensuring a fair assessment of the estate's financial obligations. Case-Laws Income Tax Thu, 13 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16519