https://www.taxtmi.com/caselaws?id=39692 The High Court ruled against the assessee, denying the deduction claimed under section 37 for gratuity payment to transferred employees as it did not qualify as an expenditure wholly and exclusively for business purposes. Additionally, the rebate under section 88 for charitable donations was limited to Rs. 174, as only the portion derived from income during the year was eligible. The revenue was awarded costs of Rs. 250. en-us Tue, 25 Jun 1974 00:00:00 +0530 Mon, 19 Apr 2010 16:49:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39692 The High Court ruled against the assessee, denying the deduction claimed under section 37 for gratuity payment to transferred employees as it did not qualify as an expenditure wholly and exclusively for business purposes. Additionally, the rebate under section 88 for charitable donations was limited to Rs. 174, as only the portion derived from income during the year was eligible. The revenue was awarded costs of Rs. 250. Case-Laws Income Tax Tue, 25 Jun 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39692