https://www.taxtmi.com/caselaws?id=21592 The High Court ruled in favor of the Revenue regarding the entitlement to weighted deduction under section 35B and the computation of relief under section 80J. However, the court favored the assessee in allowing the actuarial valuation of gratuity liability as a deduction. The deduction under section 80-I was allowed for income from interest on securities but not for insurance commission. The case was remanded to the Tribunal for further examination on the deduction under section 35B. en-us Mon, 08 Jan 1990 00:00:00 +0530 Wed, 25 Nov 2009 16:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21592 The High Court ruled in favor of the Revenue regarding the entitlement to weighted deduction under section 35B and the computation of relief under section 80J. However, the court favored the assessee in allowing the actuarial valuation of gratuity liability as a deduction. The deduction under section 80-I was allowed for income from interest on securities but not for insurance commission. The case was remanded to the Tribunal for further examination on the deduction under section 35B. Case-Laws Income Tax Mon, 08 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21592