1995 (1) TMI 5

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....f the Income-tax Act, 1961, to answer the following questions : "1. Whether, on the facts and in the circumstances of the case, the assessee is entitled to the deduction of Rs. 52,531 for the provision made by the assessee for gratuity payable to its employees under the Kerala Industrial Employees' Payment of Gratuity Act, 1970? 2. Whether, on the facts and in the circumstances of the case, ....

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....encement of the relevant accounting year? 4. Whether, on the facts and in the circumstances of the case, the Tribunal is right in holding that in computing the quantum of the amount to be allowed as a deduction for gratuity payable under the Kerala Industrial Employees' Payment of Gratuity Act, 1970, which law came into force only in the accounting year 1971-72, the assessee is entitled to take....