https://www.taxtmi.com/caselaws?id=37915 The High Court of Kerala resolved a conflict between its Division Bench ruling and Supreme Court decisions on the deduction of gratuity payment as a business expenditure under section 37 of the Income Tax Act for the assessment year 1971-72. The Court held that the gratuity payment, even if made in advance, constituted a legitimate business expenditure wholly and exclusively for the purpose of the business. Relying on established precedents and principles, the Court ruled in favor of the assessee, affirming that the gratuity payment was deductible under section 37 of the Act. en-us Tue, 01 Aug 1978 00:00:00 +0530 Thu, 01 Apr 2010 17:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37915 The High Court of Kerala resolved a conflict between its Division Bench ruling and Supreme Court decisions on the deduction of gratuity payment as a business expenditure under section 37 of the Income Tax Act for the assessment year 1971-72. The Court held that the gratuity payment, even if made in advance, constituted a legitimate business expenditure wholly and exclusively for the purpose of the business. Relying on established precedents and principles, the Court ruled in favor of the assessee, affirming that the gratuity payment was deductible under section 37 of the Act. Case-Laws Income Tax Tue, 01 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37915