https://www.taxtmi.com/caselaws?id=17147 The High Court ruled against the assessee in a case concerning the deduction of a provision of Rs. 2 lakhs for contributions to an approved gratuity fund under section 40A(7)(b)(i) of the Income-tax Act, 1961. The court held that the provision did not meet the requirement of being a sum that had become payable during the previous year, thus disallowing it as a deduction. The court did not address the admissibility of the ad hoc provision of Rs. 2 lakhs under rule 4(2) of Part C of Schedule IV, returning that question unanswered. en-us Tue, 28 Jan 1997 00:00:00 +0530 Tue, 15 Sep 2009 14:01:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17147 The High Court ruled against the assessee in a case concerning the deduction of a provision of Rs. 2 lakhs for contributions to an approved gratuity fund under section 40A(7)(b)(i) of the Income-tax Act, 1961. The court held that the provision did not meet the requirement of being a sum that had become payable during the previous year, thus disallowing it as a deduction. The court did not address the admissibility of the ad hoc provision of Rs. 2 lakhs under rule 4(2) of Part C of Schedule IV, returning that question unanswered. Case-Laws Income Tax Tue, 28 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17147