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1981 (4) TMI 31 - BOMBAY HIGH COURT
Extract:
....... Rallis India could not be considered as a payment of gratuity to the employees and could not, therefore, be held to be an allowable deduction for the purpose of s. 10(2)(xv) of the Indian I.T. Act, 1922. Consequently, the question referred has to be answered in the negative and against the assessee. The assessee to pay the costs of this reference.