https://www.taxtmi.com/caselaws?id=49461 A voluntary gratuity paid to a retiring employee, made in recognition of past services and not under any gratuity scheme or established practice, was held not to qualify as expenditure laid out wholly and exclusively for business. The absence of any expectation by the employee, any effect on salary, or any business necessity meant the payment lacked commercial expediency. The gratuity was therefore not deductible under section 10(2)(xv) of the Income-tax Act, 1922, and the finding was against the assessee. en-us Wed, 20 Dec 1961 00:00:00 +0530 Sat, 14 Nov 2015 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49461 A voluntary gratuity paid to a retiring employee, made in recognition of past services and not under any gratuity scheme or established practice, was held not to qualify as expenditure laid out wholly and exclusively for business. The absence of any expectation by the employee, any effect on salary, or any business necessity meant the payment lacked commercial expediency. The gratuity was therefore not deductible under section 10(2)(xv) of the Income-tax Act, 1922, and the finding was against the assessee. Case-Laws Income Tax Wed, 20 Dec 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49461