https://www.taxtmi.com/caselaws?id=25375 The court ruled in favor of the Revenue and against the assessee on various issues in the case. The court held that the assessee could not claim a deduction for gratuity payable to employees for previous years, emphasizing deductions only for liabilities accrued in the relevant accounting year. Additionally, the court highlighted the importance of correctly classifying amounts claimed as children allowance and house rent under the Income-tax Act, emphasizing the need for proper classification to determine eligibility for deductions. The court underscored the significance of following the correct procedures for claiming deductions under the Act. en-us Thu, 19 Mar 1987 00:00:00 +0530 Thu, 28 Jan 2010 12:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25375 The court ruled in favor of the Revenue and against the assessee on various issues in the case. The court held that the assessee could not claim a deduction for gratuity payable to employees for previous years, emphasizing deductions only for liabilities accrued in the relevant accounting year. Additionally, the court highlighted the importance of correctly classifying amounts claimed as children allowance and house rent under the Income-tax Act, emphasizing the need for proper classification to determine eligibility for deductions. The court underscored the significance of following the correct procedures for claiming deductions under the Act. Case-Laws Income Tax Thu, 19 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25375