https://www.taxtmi.com/caselaws?id=20229 Gratuity provision was held deductible where the liability accrued during the relevant previous year, the provision was made on actuarial valuation, and the statutory conditions under section 40A(7) of the Income-tax Act, 1961 were satisfied. The note also records that an earlier order under section 155(13) supported relief to the extent of the liability that had accrued in the year. On that basis, the full gratuity provision was treated as allowable as a deduction and the reference was answered in favour of the assessee. 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 was held deductible where the liability accrued during the relevant previous year, the provision was made on actuarial valuation, and the statutory conditions under section 40A(7) of the Income-tax Act, 1961 were satisfied. The note also records that an earlier order under section 155(13) supported relief to the extent of the liability that had accrued in the year. On that basis, the full gratuity provision was treated as allowable as a deduction and the reference was answered in favour of the assessee. Case-Laws Income Tax Wed, 01 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20229