https://www.taxtmi.com/caselaws?id=23730 Statutory gratuity liability for past service under the West Bengal Employees' Payment of Compulsory Gratuity Act, 1971 was held allowable as a deduction in computing business income for the assessment year 1972-73. The Court treated the issue as governed by its earlier decision on the same point and followed that precedent, holding that a gratuity obligation arising under the statutory regime in force during the relevant period remains deductible even if referable to earlier years of service. The question was answered in the affirmative, in favour of the assessee. en-us Mon, 19 Sep 1988 00:00:00 +0530 Fri, 25 Dec 2009 16:15:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23730 Statutory gratuity liability for past service under the West Bengal Employees' Payment of Compulsory Gratuity Act, 1971 was held allowable as a deduction in computing business income for the assessment year 1972-73. The Court treated the issue as governed by its earlier decision on the same point and followed that precedent, holding that a gratuity obligation arising under the statutory regime in force during the relevant period remains deductible even if referable to earlier years of service. The question was answered in the affirmative, in favour of the assessee. Case-Laws Income Tax Mon, 19 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23730