1984 (3) TMI 60 - HC - Income Tax

Summary

The High Court of Karnataka allowed the revision petition against the Commissioner's order disallowing deduction for gratuity provision in an agricultural income tax assessment. The court held that Section 5(k) of the Act is relevant for allowing such deductions, similar to Section 37(1) of the Income Tax Act, 1961. The court set aside the Commissioner's order and restored the assessment order. No costs were awarded. (Case citation: 1984 (3) TMI 60 - KARNATAKA High Court)