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1992 (6) TMI 44 - AT - Income TaxExtract: .......on for gratuity. In these circumstances, we hold that the amount was allowable under s. 37(1) and we further hold that the prohibition contained in s. 40A(7)(a) was not applicable to the facts of the case. On the contrary, the assessee s case is covered by the exception provided in s. 40A(7)(b)(i). In this view of the matter, the appeal is allowed.
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