1985 (11) TMI 34

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....G. C. J. -This is a reference under section 256(1) of the Income-tax Act, 1961, at the instance of the Revenue to decide the following question of law, viz. : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in law, in upholding the order of the Appellate Assistant Commissioner allowing the provision for gratuity at Rs. 1,34,000 as an allowable e....

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....owed. The assessee's appeal to the Appellate Assistant Commissioner succeeded and the deduction was restored. The Revenue's appeal to the Tribunal has failed and the deduction allowed by the Appellate Assistant Commissioner has been sustained. Aggrieved by the conclusion reached by the Tribunal, the Revenue sought a reference which has been made to answer the above question of law. From the sta....