Commissioner Of Income Tax vs Pearey Lal & Sons P. Ltd.

Authority: Supreme Court Date: 1985-01-09 AY: 1972-73 Section: 256(2) Acts: Income Tax Act 1961 Result: Assessee Citation: (1987) 59 CTR (SC) 281 : (1986) 162 ITR 838 (SC) Justices: R.S. Pathak & Sabyasachi Mukharji, JJ. Appeal No: Civil Appeal No. 524 of 1983
Whether provision for gratuity is deductible as business expenditure under the Income Tax Act 1961 --- Held Yes, following Shree Sajjan Mills Ltd. vs. CIT.

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