M/S. ROTORK CONTROLA INDIA (P) LTD. vs. COMMNR. OF INCOME TAX, CHENNAI
Appeals stand allowed in favour of the assessee with no order as to
C.A. No.-003506-003510 - 2009Supreme Court12 May 2009
Section 37
40A.(7)(a) Subject to the provisions of Clause (b), no
deduction shall be allowed in respect of any provision
(whether called as such or by any other name) made by the
assessee for the payment of gratuity to his employees on
their retirement or on termination of their employment for
any reason
(b) Nothing in Clause (a) shall apply
