1985 (10) TMI 2 - SC - Income Tax

Assessee claimed gratuity liability without fulfilling the conditions laid out in s. 40A(7) - submission of the assessee that if no provision is made by the assessee for gratuity, still the same will be deductible and section 40A(7) will have no application, would defeat the very purpose and object of section 40A(7) and render it nugatory - held that for gratuity to be deductible, the conditions laid down in s.40A(7) had to be fulfilled