https://www.taxtmi.com/caselaws?id=58533 The Tribunal upheld the Commissioner (Appeals) decision, dismissing the appeal regarding the deductibility of gratuity liability under Section 40A(7) of the Income-tax Act, 1961. It was held that Section 40A(7) applies even if no entries are made in the books of account. The Tribunal also ruled that the assessee had switched to the cash system of accounting for gratuity liability, barring claims on an accrual basis. The appeal was denied, affirming the restrictions on gratuity liability deductions and the accounting system adopted by the assessee. en-us Wed, 11 Feb 1981 00:00:00 +0530 Mon, 20 Dec 2010 14:57:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58533 The Tribunal upheld the Commissioner (Appeals) decision, dismissing the appeal regarding the deductibility of gratuity liability under Section 40A(7) of the Income-tax Act, 1961. It was held that Section 40A(7) applies even if no entries are made in the books of account. The Tribunal also ruled that the assessee had switched to the cash system of accounting for gratuity liability, barring claims on an accrual basis. The appeal was denied, affirming the restrictions on gratuity liability deductions and the accounting system adopted by the assessee. Case-Laws Income Tax Wed, 11 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58533