https://www.taxtmi.com/caselaws?id=25650 The case involved a dispute over the entitlement to claim balance gratuity under section 40A(7)(b)(ii) of the Income-tax Act for the assessment year 1975-76. The Appellate Tribunal ruled in favor of allowing deductions only for the balance gratuity provided for the specific years in question, not for earlier years as claimed by the assessee. The High Court upheld the Tribunal's decision, emphasizing that deductions should align with provisions made in the relevant accounting year, limiting the entitlement to claim balance gratuity to the specific year under assessment. The judgment stressed the importance of consistent application of tax provisions, ultimately ruling in favor of the Revenue. en-us Thu, 15 Jan 1987 00:00:00 +0530 Sat, 30 Jan 2010 10:21:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25650 The case involved a dispute over the entitlement to claim balance gratuity under section 40A(7)(b)(ii) of the Income-tax Act for the assessment year 1975-76. The Appellate Tribunal ruled in favor of allowing deductions only for the balance gratuity provided for the specific years in question, not for earlier years as claimed by the assessee. The High Court upheld the Tribunal's decision, emphasizing that deductions should align with provisions made in the relevant accounting year, limiting the entitlement to claim balance gratuity to the specific year under assessment. The judgment stressed the importance of consistent application of tax provisions, ultimately ruling in favor of the Revenue. Case-Laws Income Tax Thu, 15 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25650