1990 (9) TMI 64

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..... uestion under section 256(1) of the Income-tax Act, 1961: "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in allowing deduction of Rs. 1,50,729 being gratuity liability, though the amount was not settled under an irrevocable trust ?" From the order of the Tribunal, it appears that though no trust has been created by the assessee within .....

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