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2009 (7) TMI 809 - HC - Income TaxBusiness expenditure – Gratuity – the deduction of payment of gratuity can be allowed strictly on the fulfilment of the conditions of clause (b) of section 40A(7) of the Act. the assessee, as was found, does not fulfil the requirement of the aforestated provision. - the Tribunal was not justified in allow-ing the deduction under any other section of the Income-tax Act. - Insurance against liability under payment of gratuity Act – Condition laid down in section 40A(7)(a) not fulfilled – amount not deductible
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