https://www.taxtmi.com/caselaws?id=25301 Section 40A(7) permits deduction for gratuity provision only where the statutory exceptions and prescribed conditions are satisfied, including proper actuarial valuation and accurate quantification of the liability. The existing record did not show that these requirements had been fully examined by the lower authorities in line with the governing Supreme Court decisions, and the present value of the liability had not been determined with sufficient precision. The questions were therefore not finally decided on the merits and the matter was remitted to the Tribunal for reconsideration under the correct legal principles. en-us Tue, 14 Jul 1987 00:00:00 +0530 Wed, 27 Jan 2010 17:46:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25301 Section 40A(7) permits deduction for gratuity provision only where the statutory exceptions and prescribed conditions are satisfied, including proper actuarial valuation and accurate quantification of the liability. The existing record did not show that these requirements had been fully examined by the lower authorities in line with the governing Supreme Court decisions, and the present value of the liability had not been determined with sufficient precision. The questions were therefore not finally decided on the merits and the matter was remitted to the Tribunal for reconsideration under the correct legal principles. Case-Laws Income Tax Tue, 14 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25301