These appeals arc directed against the decision of the High Court in references made under Section 256 1 of the Income Tax Act 1961 to answer the following questions Whether, on the facts and in the circum stances of the case, the assessee is entitled to the deduction of Rs.
1970, the companypleted years of services of the employees prior to the beginning of the accounting year Whether on the facts and in the circumstances of the case, the Tribunal is right in holding that in companyputing the quantum of the amount to be allowed as a deduction for gratuity payable under the Kerala Industrial Employees Payment of Gratuity Act.
Whether on the facts and in the circum stances of the case, the Income tax Appellate Tribunal is justified in taking into companysideration for the quantification of the liability for the assessment year 1971 72 under the Kerala Industrial Employees Payment of Gratuity Act.
which law came into force only in the accounting year relevant to the companycerned assessment year 1970 71, the assessee is entitled to take into companysideration the period of past service of the employees rendered up to the companymencement of the relevant accounting year.
Whether on the facts and in the circumstances of the case, the Tribunal is right in holding that in companyputing the quantum of the amount to be allowed as a deduction for gratuity payable under the Kerala Industrial Employees Payment of Gratuity Act 1970.
which law came into force only in the accounting year 1971 72, the assessee is entitled to take into companysideration the period of past service of the employees rendered up to the companymencement of the relevant accounting year.
52.531/ for the provision made by the assessee for gratuity payable to its employees under the Kerala Industrial Employees Payment of Gratuity Act.
Kerala v. Highland Produce Co. Ltd. which has been affirmed by this Court in Commr.
of Income Tax, Madras v. High Land Produce Co. Ltd. wherein reliance was placed on the decision in Commr.
