https://www.taxtmi.com/caselaws?id=27225 The Court ruled in favor of the Revenue, holding that the claim for deduction of Rs. 29,593 for the accounting year 1972-73 was rightly disallowed by the ITO and wrongly allowed by the AAC and the Tribunal. The Court emphasized that the liability for gratuity should have been accounted for in the year it arose, as per the Kerala Industrial Employees' Payment of Gratuity Ordinance. The judgment highlighted the provisions of sub-s. (7) of s. 40A, which prohibit deductions for mere provisions of gratuity unless falling under specific exceptions mentioned in clause (b). en-us Wed, 18 Jul 1984 00:00:00 +0530 Thu, 11 Feb 2010 15:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27225 The Court ruled in favor of the Revenue, holding that the claim for deduction of Rs. 29,593 for the accounting year 1972-73 was rightly disallowed by the ITO and wrongly allowed by the AAC and the Tribunal. The Court emphasized that the liability for gratuity should have been accounted for in the year it arose, as per the Kerala Industrial Employees' Payment of Gratuity Ordinance. The judgment highlighted the provisions of sub-s. (7) of s. 40A, which prohibit deductions for mere provisions of gratuity unless falling under specific exceptions mentioned in clause (b). Case-Laws Income Tax Wed, 18 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27225