1978 (3) TMI 87 - HC - Income Tax

Summary

The High Court of Allahabad held that the assessee is entitled to claim deduction for contributions made to its own gratuity fund, even if not approved under section 36(1)(v) of the Income-tax Act, 1961. The Tribunal's decision was supported by previous case law. The court ruled in favor of the assessee, allowing the deduction and awarding costs of Rs. 200.