https://www.taxtmi.com/caselaws?id=21896 The court ruled in favor of the assessee, allowing the deduction of freight advantage payable to CACO as an accrued liability and the liability for gratuity payments to employees. The court held that the freight advantage was an enforceable obligation under the CACO scheme and therefore deductible. Additionally, the court agreed that the gratuity liability, if actuarially calculable, should be allowed as a deduction. The judgment emphasized the enforceable nature of these liabilities and upheld the assessee's entitlement to the deductions. en-us Mon, 03 Feb 1992 00:00:00 +0530 Wed, 02 Dec 2009 18:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21896 The court ruled in favor of the assessee, allowing the deduction of freight advantage payable to CACO as an accrued liability and the liability for gratuity payments to employees. The court held that the freight advantage was an enforceable obligation under the CACO scheme and therefore deductible. Additionally, the court agreed that the gratuity liability, if actuarially calculable, should be allowed as a deduction. The judgment emphasized the enforceable nature of these liabilities and upheld the assessee's entitlement to the deductions. Case-Laws Income Tax Mon, 03 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21896