https://www.taxtmi.com/caselaws?id=20229 Gratuity provision is allowable as a tax deduction where the liability accrues during the relevant previous year, the provision is based on actuarial valuation, and the conditions under section 40A(7) of the Income-tax Act are satisfied. The commencement of the Gratuity Act may create an accrued liability in that year. Relief may extend to the full accrued gratuity liability where these requirements are met, with an earlier rectification order supporting recognition of the liability. en-us Wed, 01 Sep 1993 00:00:00 +0530 Thu, 12 Nov 2009 15:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20229 Gratuity provision is allowable as a tax deduction where the liability accrues during the relevant previous year, the provision is based on actuarial valuation, and the conditions under section 40A(7) of the Income-tax Act are satisfied. The commencement of the Gratuity Act may create an accrued liability in that year. Relief may extend to the full accrued gratuity liability where these requirements are met, with an earlier rectification order supporting recognition of the liability. Case-Laws Income Tax Wed, 01 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20229