1988 (9) TMI 12 - HC - Income Tax

Summary

The High Court of Calcutta ruled in favor of the assessee regarding the deduction of gratuity liability for the assessment year 1972-73 under the West Bengal Employees' Payment of Compulsory Gratuity Act, 1971. The decision was based on a previous court ruling in CIT v. Eastern Spinning Mills Ltd. [1980] 126 ITR 686. The Commissioner of Income-tax, West Bengal, did not file the paper book, and the court dispensed with its filing. The judgment was agreed upon by both judges, K. M. Yusuf and Ajit Kumar Sengupta.