https://www.taxtmi.com/caselaws?id=285377 The Calcutta High Court ruled in favor of the Revenue on multiple tax issues: 1) Taxability of gratuity provisions under s. 41(1) of the IT Act, 1961; 2) Recomputation of capital for a new industrial undertaking; 3) Deduction claim for leave salary provision; 4) Treatment of exchange fluctuation loss on loan instalments; and 5) Entitlement to deduction under s. 80G for donation to a charity trust. The Court relied on precedent cases and tax laws to support its decisions against the assessee in each instance. en-us Fri, 16 Feb 1990 00:00:00 +0530 Thu, 09 Jan 2020 13:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285377 The Calcutta High Court ruled in favor of the Revenue on multiple tax issues: 1) Taxability of gratuity provisions under s. 41(1) of the IT Act, 1961; 2) Recomputation of capital for a new industrial undertaking; 3) Deduction claim for leave salary provision; 4) Treatment of exchange fluctuation loss on loan instalments; and 5) Entitlement to deduction under s. 80G for donation to a charity trust. The Court relied on precedent cases and tax laws to support its decisions against the assessee in each instance. Case-Laws Income Tax Fri, 16 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285377