https://www.taxtmi.com/caselaws?id=29074 The court held that the provision for gratuity was deductible under Section 36(1)(v) of the Income-tax Act, 1961, for the assessment year 1972-73, with no change in the accounting method. The court also ruled that the mahimai collections were not taxable business income for the same assessment year, following Supreme Court precedent. Both issues were decided in favor of the assessee, with costs awarded to them. en-us Wed, 06 Oct 1982 00:00:00 +0530 Wed, 10 Mar 2010 16:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29074 The court held that the provision for gratuity was deductible under Section 36(1)(v) of the Income-tax Act, 1961, for the assessment year 1972-73, with no change in the accounting method. The court also ruled that the mahimai collections were not taxable business income for the same assessment year, following Supreme Court precedent. Both issues were decided in favor of the assessee, with costs awarded to them. Case-Laws Income Tax Wed, 06 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29074