TMI Blog2015 (7) TMI 1413X X X X Extracts X X X X X X X X Extracts X X X X ..... lowed the claim of the assessee - CIT(Appeals) found that the approved Gratuity Fund is covered under Section 40A(7)(b) - HELD THAT:- It is not in dispute that the Gratuity Fund is an approved one. The assessee has also made a provision for payment. Since the provision was made for payment of Gratuity fund, which is an approved one, this Tribunal is of the considered opinion that Section 40A(7)(b) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... common order. 2. The only issue arises for consideration is with regard to disallowance of provision made for payment of Gratuity. 3. Sh. P. Radhakrishnan, the Ld. Departmental Representative, submitted that the assessee made provision for payment of Gratuity. Since the payment was not made during the year under consideration, the Assessing Officer disallowed the claim of the assessee. However, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in I.T.A. No.611/Mds/2012 dated 12.6.2015. Therefore, the CIT(Appeals) has rightly allowed the claim of the assessee. 5. We have considered the rival submissions on either side and perused the relevant material on record. It is not in dispute that the Gratuity Fund is an approved one. The assessee has also made a provision for payment. Since the provision was made for payment of Gratuity fund, w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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