https://www.taxtmi.com/caselaws?id=22369 HC held that a substantial question of law arose regarding the assessee's "excess claim" under the head of gratuity, specifically whether the claimed deductions satisfied the conditions prescribed under section 40A(7)(b) of the Income-tax Act. Accordingly, HC directed the Tribunal to state the relevant facts and circumstances and to refer this question of law to HC under section 256(1). As regards the alleged fall in gross profit rate, HC held that this was purely a question of fact, particularly since the assessee's books had not been rejected by the Inspecting Assistant Commissioner, and therefore no reference on that issue was warranted. en-us Tue, 28 May 1991 00:00:00 +0530 Mon, 08 Dec 2025 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22369 HC held that a substantial question of law arose regarding the assessee's "excess claim" under the head of gratuity, specifically whether the claimed deductions satisfied the conditions prescribed under section 40A(7)(b) of the Income-tax Act. Accordingly, HC directed the Tribunal to state the relevant facts and circumstances and to refer this question of law to HC under section 256(1). As regards the alleged fall in gross profit rate, HC held that this was purely a question of fact, particularly since the assessee's books had not been rejected by the Inspecting Assistant Commissioner, and therefore no reference on that issue was warranted. Case-Laws Income Tax Tue, 28 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22369