1988 (12) TMI 54 - HC - Income Tax

Summary

The High Court of Bombay ruled in favor of the assessee, stating that the provision for gratuity made in the relevant accounting year was deductible expenditure under section 28 or section 37(1) of the Income-tax Act, 1961. The decision was based on previous Supreme Court rulings. No costs were awarded. (Case Citation: 1988 (12) TMI 54 - BOMBAY High Court)