Approved gratuity funds - exemption u/s 10(25)

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..... ion with effect from 1st April, 1973. Prior to 1973-74 such income was not exempt. In this connection a reference is invited to para 51(C) of C. A.G.'s report for the year 1970-71 wherein it is pointed out that exemption of the interest income of Gratuity Funds from investment has been allowed on the mere analogy that such income of Provident Funds and Superannuation Funds is exempt u/s 10(25) of .....

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