https://www.taxtmi.com/caselaws?id=28160 The Court held that deductions for gratuity provisions must comply with Section 40A(7) of the Income Tax Act. It emphasized the mandatory nature of compliance with specific provisions for allowable deductions. The Tribunal's decision to allow the deduction under Section 37 was deemed unjustified, ruling against the company and ordering it to bear the costs of the reference. The judgment clarifies the strict application of Section 40A(7) in disallowing deductions for gratuity provisions that do not meet its requirements. en-us Mon, 29 Nov 1982 00:00:00 +0530 Fri, 19 Feb 2010 13:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28160 The Court held that deductions for gratuity provisions must comply with Section 40A(7) of the Income Tax Act. It emphasized the mandatory nature of compliance with specific provisions for allowable deductions. The Tribunal's decision to allow the deduction under Section 37 was deemed unjustified, ruling against the company and ordering it to bear the costs of the reference. The judgment clarifies the strict application of Section 40A(7) in disallowing deductions for gratuity provisions that do not meet its requirements. Case-Laws Income Tax Mon, 29 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28160