https://www.taxtmi.com/caselaws?id=28532 The court affirmed the Tribunal's decision on both issues. The provision for gratuity was allowed as an admissible deduction based on actuarial valuation, following established legal principles. Additionally, the interest on the borrowed capital was permitted as it was entirely used for business purposes during the relevant period. The Commissioner was directed to cover the assessee's costs, including counsel fees. en-us Wed, 04 Mar 1981 00:00:00 +0530 Tue, 23 Feb 2010 14:06:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28532 The court affirmed the Tribunal's decision on both issues. The provision for gratuity was allowed as an admissible deduction based on actuarial valuation, following established legal principles. Additionally, the interest on the borrowed capital was permitted as it was entirely used for business purposes during the relevant period. The Commissioner was directed to cover the assessee's costs, including counsel fees. Case-Laws Income Tax Wed, 04 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28532