Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1996 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1996 (6) TMI 36 - MADRAS HIGH COURTExtract: .......n of section 40A(7) of the Act with effect from April 1, 1973. Accordingly, we hold that the Tribunal is not correct in allowing the incremental liability of gratuity for the assessment years under consideration as deduction. In that view of the matter, we answer the question referred to us in the negative and in favour of the Department. No costs.
|