Case Law Details
Case Name : CIT Vs M/s. Pricol Ltd. (Madras High Court)
Related Assessment Year :
Courts :
All High Courts Madras High Court
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CA Sandeep Kanoi
As far as the expression ‘gratuity’ is concerned, there is no definition of what ‘gratuity’ is, even under the Payment of Gratuity Act; yet, a monetary relief to an employee at the time of his retirement or termination of service is treated as ‘gratuity’. Section 4 of the Payment of Gratuity Act enjoins on the employer to pay gratuity to an employee on the termination of his employment after he has rendered continuous service for not less than 5 years on the employee attaining superannuation or retirement or resignation or on his death or di...
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can service weightage for year of services rendered for promotion for acquiring professional qualification beyond a period prescribed by management be denied to an employee
Further can service weightage for year of services rendered for promotion for acquiring professional qualification within a period prescribed by management be twice to an employee i.e. once at the level of non executive level for promotion to executive level-I and another at time of promotion to the executive level-II for the same professional qualification which was acquired at the level of non executive level an utilized for promotion to executive level