https://www.taxtmi.com/caselaws?id=27128 The High Court held in favor of the assessee in a case concerning deduction limits for salary and gratuity payments under Section 40A(5)(c)(i) of the Income-tax Act, 1961. The Court ruled that payments made during employment should be within the monthly limit of Rs. 5,000, while payments after retirement should fall within the Rs. 60,000 limit for former employees. The Court allowed the deduction of Rs. 22,000 paid as salary, rejecting the Revenue's interpretation that could incentivize employers to defer payments. en-us Tue, 02 Apr 1985 00:00:00 +0530 Wed, 10 Feb 2010 18:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27128 The High Court held in favor of the assessee in a case concerning deduction limits for salary and gratuity payments under Section 40A(5)(c)(i) of the Income-tax Act, 1961. The Court ruled that payments made during employment should be within the monthly limit of Rs. 5,000, while payments after retirement should fall within the Rs. 60,000 limit for former employees. The Court allowed the deduction of Rs. 22,000 paid as salary, rejecting the Revenue's interpretation that could incentivize employers to defer payments. Case-Laws Income Tax Tue, 02 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27128