https://www.taxtmi.com/caselaws?id=22703 The Tribunal held that the provision for gratuity in consequence of the closure of the mining business was allowable as a deduction since the assessee continued business operations post the takeover of the mines. The liability for gratuity, although settled with employees after the relevant previous year, was deductible as the payment was made during that year. The court differentiated the case from precedent, emphasizing the workers' service continuity agreement with the government, not the assessee-company. Consequently, the court found no legal question and discharged the rule without costs. en-us Thu, 16 Aug 1990 00:00:00 +0530 Sat, 12 Dec 2009 14:04:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22703 The Tribunal held that the provision for gratuity in consequence of the closure of the mining business was allowable as a deduction since the assessee continued business operations post the takeover of the mines. The liability for gratuity, although settled with employees after the relevant previous year, was deductible as the payment was made during that year. The court differentiated the case from precedent, emphasizing the workers' service continuity agreement with the government, not the assessee-company. Consequently, the court found no legal question and discharged the rule without costs. Case-Laws Income Tax Thu, 16 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22703