https://www.taxtmi.com/caselaws?id=19967 The High Court upheld the Commissioner of Income-tax's exercise of powers under section 263, finding it valid. The Court ruled in favor of the Revenue on this issue. Additionally, the Court supported the Tribunal's decision to reinstate the relief granted by the Income-tax Officer regarding gratuity deduction, in compliance with the Act. The Court determined that the admissible amount for gratuity deduction should be calculated based on specific criteria, ruling in favor of the assessee on this issue as well. Ultimately, all three issues were decided in favor of the assessee and against the Revenue, with no order as to costs. en-us Wed, 22 Sep 1993 00:00:00 +0530 Tue, 10 Nov 2009 18:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19967 The High Court upheld the Commissioner of Income-tax's exercise of powers under section 263, finding it valid. The Court ruled in favor of the Revenue on this issue. Additionally, the Court supported the Tribunal's decision to reinstate the relief granted by the Income-tax Officer regarding gratuity deduction, in compliance with the Act. The Court determined that the admissible amount for gratuity deduction should be calculated based on specific criteria, ruling in favor of the assessee on this issue as well. Ultimately, all three issues were decided in favor of the assessee and against the Revenue, with no order as to costs. Case-Laws Income Tax Wed, 22 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19967