https://www.taxtmi.com/caselaws?id=17494 The High Court ruled in favor of the assessee, allowing the deduction of the provision made for gratuity payments under section 43B of the Income-tax Act, 1961. The Court emphasized that earmarking an amount for gratuity payments suffices for deduction purposes, even without the existence of a formal fund. The judgment clarified the distinction between sections 43B and 40A(7), ultimately supporting the assessee's entitlement to the deduction for gratuity provisions made for retiring employees. en-us Wed, 04 Sep 1996 00:00:00 +0530 Tue, 22 Sep 2009 17:00:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17494 The High Court ruled in favor of the assessee, allowing the deduction of the provision made for gratuity payments under section 43B of the Income-tax Act, 1961. The Court emphasized that earmarking an amount for gratuity payments suffices for deduction purposes, even without the existence of a formal fund. The judgment clarified the distinction between sections 43B and 40A(7), ultimately supporting the assessee's entitlement to the deduction for gratuity provisions made for retiring employees. Case-Laws Income Tax Wed, 04 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17494