1986 (1) TMI 6 - SCH - Income Tax

Respondent claimed a deduction in the computation of its income from business on account of provision for gratuity - Commissioner of Income-tax contends that the Appellate Tribunal erred in permitting the deduction of the claim made by the respondent. We have examined the matter carefully and we are of the opinion that there is no substance in the contention

Summary

The Supreme Court dismissed the appeal by special leave against the judgment of the Delhi High Court, which declined to call for a reference from the Income-tax Appellate Tribunal. The respondent's claim for a deduction in the computation of income was allowed by the Tribunal, and the High Court rejected the reference application by the Commissioner of Income-tax. The Court found no substance in the Commissioner's contention, citing a previous judgment. The appeal was dismissed with no order as to costs.