https://www.taxtmi.com/caselaws?id=37493 The court concluded that the liability for payment of gratuity determined on the basis of actuarial valuation is deductible in the relevant assessment years. However, the expenditure of Rs. 1,00,000 for the study of utilization of hardwood for the manufacture of chemical pulp was not deductible as revenue expenditure. The court held that the assessee failed to prove that the expenditure was not of a capital nature, as essential documents were not provided. The court ruled against the assessee, ordering them to pay the costs of the revenue. en-us Fri, 16 Jun 1978 00:00:00 +0530 Tue, 30 Mar 2010 11:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37493 The court concluded that the liability for payment of gratuity determined on the basis of actuarial valuation is deductible in the relevant assessment years. However, the expenditure of Rs. 1,00,000 for the study of utilization of hardwood for the manufacture of chemical pulp was not deductible as revenue expenditure. The court held that the assessee failed to prove that the expenditure was not of a capital nature, as essential documents were not provided. The court ruled against the assessee, ordering them to pay the costs of the revenue. Case-Laws Income Tax Fri, 16 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37493