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2003 (1) TMI 40 - HC - Income Tax"1. Whether, Tribunal was right in observing that if a proper scheme and rules and regulations existed under which the gratuity was payable to the employees, and the latter could enforce the same, the gratuity amount of Rs. 1,34,689 should be allowed as a permissible deduction in the previous year relevant to the assessment year 1972-73? - 2. Whether, Tribunal was correct in holding that the assessee was entitled to the relief claimed under section 80-I in respect of the profits and gains attributable to the limestone production business of the assessee and as such in setting aside the orders of the authorities below and restoring the matter to the file of the Income-tax Officer for determining the profits and gains attributable to the said business and to work out relief to which the assessee would be entitled on the basis of its finding?" – Both questions are answered in the affirmative, i.e., in favour of the assessee and against the Revenue.
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