https://www.taxtmi.com/caselaws?id=22433 The case involved an assessee firm claiming a deduction for gratuity liability under section 40A(7) of the Income-tax Act for the assessment year 1973-74. The Tribunal upheld the disallowance of the excess deduction, ruling in favor of the Revenue. The decision emphasized the necessity of actuarial valuation and meeting specific conditions for claiming deductions under section 40A(7), ultimately entitling the Revenue to costs. en-us Fri, 07 Dec 1990 00:00:00 +0530 Thu, 10 Dec 2009 11:04:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22433 The case involved an assessee firm claiming a deduction for gratuity liability under section 40A(7) of the Income-tax Act for the assessment year 1973-74. The Tribunal upheld the disallowance of the excess deduction, ruling in favor of the Revenue. The decision emphasized the necessity of actuarial valuation and meeting specific conditions for claiming deductions under section 40A(7), ultimately entitling the Revenue to costs. Case-Laws Income Tax Fri, 07 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22433