https://www.taxtmi.com/caselaws?id=17666 Gratuity-related liability claimed on actuarial valuation was not deductible because section 40A(7) requires the statutory conditions for gratuity deduction, including a provision in the accounts and a pre-existing fund, and no provision had been made. Deduction was allowed only for the premium actually paid to cover gratuity liability, limited to the amount of Rs. 66,482; for the balance, there was no proof of provision or actual payment. The development rebate issue was not pressed and did not survive for adjudication. en-us Mon, 04 Mar 1996 00:00:00 +0530 Thu, 24 Sep 2009 10:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17666 Gratuity-related liability claimed on actuarial valuation was not deductible because section 40A(7) requires the statutory conditions for gratuity deduction, including a provision in the accounts and a pre-existing fund, and no provision had been made. Deduction was allowed only for the premium actually paid to cover gratuity liability, limited to the amount of Rs. 66,482; for the balance, there was no proof of provision or actual payment. The development rebate issue was not pressed and did not survive for adjudication. Case-Laws Income Tax Mon, 04 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17666