https://www.taxtmi.com/caselaws?id=18863 The High Court upheld the Tribunal's decision to disallow the deductions in a case involving the disallowance of claims for deduction of accrued gratuity liability and provisions for gratuity. The Court found that the assessee did not comply with the requirements of section 40A(7) of the Income-tax Act, specifically regarding the transfer of provisioned amounts to the approved gratuity fund within specified timeframes. Additionally, the Court determined that the liability for the provisioned amount pertained to the preceding assessment year and could not be claimed again. The decision favored the Revenue over the assessee on all three issues. en-us Wed, 29 Mar 1995 00:00:00 +0530 Mon, 02 Nov 2009 13:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18863 The High Court upheld the Tribunal's decision to disallow the deductions in a case involving the disallowance of claims for deduction of accrued gratuity liability and provisions for gratuity. The Court found that the assessee did not comply with the requirements of section 40A(7) of the Income-tax Act, specifically regarding the transfer of provisioned amounts to the approved gratuity fund within specified timeframes. Additionally, the Court determined that the liability for the provisioned amount pertained to the preceding assessment year and could not be claimed again. The decision favored the Revenue over the assessee on all three issues. Case-Laws Income Tax Wed, 29 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18863