https://www.taxtmi.com/caselaws?id=37775 The High Court upheld the Tribunal's decision, ruling in favor of the assessee company. The court allowed the deduction of Rs. 24,000 as gratuity paid to the ex-manager, considering it was for business purposes and commercial expediency, despite being voluntary and not legally obligatory. The judgment, delivered by Sudhindra Mohan Guha J., with agreement from Judge S. C. Deb, did not award any costs in the case. en-us Tue, 11 Apr 1978 00:00:00 +0530 Thu, 01 Apr 2010 10:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37775 The High Court upheld the Tribunal's decision, ruling in favor of the assessee company. The court allowed the deduction of Rs. 24,000 as gratuity paid to the ex-manager, considering it was for business purposes and commercial expediency, despite being voluntary and not legally obligatory. The judgment, delivered by Sudhindra Mohan Guha J., with agreement from Judge S. C. Deb, did not award any costs in the case. Case-Laws Income Tax Tue, 11 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37775