https://www.taxtmi.com/caselaws?id=23402 The court ruled in favor of the Revenue, disallowing the incremental liability for gratuity based on future salary increases under section 40A(7)(b)(ii) of the Income-tax Act. The judgment emphasized the need for a strict interpretation of fiscal statutes and aligned with previous decisions restricting gratuity deductions to actual payments made in the relevant year, excluding future liabilities. The decision underscored adherence to legislative intent and specified conditions for gratuity deductions, ultimately upholding the Revenue's position. en-us Mon, 27 Nov 1989 00:00:00 +0530 Sat, 19 Dec 2009 10:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23402 The court ruled in favor of the Revenue, disallowing the incremental liability for gratuity based on future salary increases under section 40A(7)(b)(ii) of the Income-tax Act. The judgment emphasized the need for a strict interpretation of fiscal statutes and aligned with previous decisions restricting gratuity deductions to actual payments made in the relevant year, excluding future liabilities. The decision underscored adherence to legislative intent and specified conditions for gratuity deductions, ultimately upholding the Revenue's position. Case-Laws Income Tax Mon, 27 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23402