https://www.taxtmi.com/caselaws?id=21225 The High Court ruled in favor of the assessee, confirming the allowance of Rs. 42,55,540 for gratuity provision under section 40A(7) of the Income-tax Act, 1961. The Court found that all conditions stipulated in the section were met, including the creation of an approved gratuity fund and timely contributions. The decision upheld the assessee's claim for deduction related to incremental liability for gratuity payable to staff members, rejecting the Revenue's appeal. en-us Mon, 07 Sep 1992 00:00:00 +0530 Fri, 20 Nov 2009 18:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21225 The High Court ruled in favor of the assessee, confirming the allowance of Rs. 42,55,540 for gratuity provision under section 40A(7) of the Income-tax Act, 1961. The Court found that all conditions stipulated in the section were met, including the creation of an approved gratuity fund and timely contributions. The decision upheld the assessee's claim for deduction related to incremental liability for gratuity payable to staff members, rejecting the Revenue's appeal. Case-Laws Income Tax Mon, 07 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21225