ITAT Pune held that disallowance u/s 143(1)(a)(iv) not valid as gratuity payment not in Audit Report. Assessee's appeal allowed.

The ITAT Pune held that disallowance u/s 143(1)(a)(iv) can only be made for expenditures indicated in the Audit Report but not considered in income computation. The gratuity payment, not indicated for disallowance, falls outside this provision. The ADIT's disallowance u/s 143(1)(a)(iv) was deemed beyond jurisdiction, leading to the assessee's appeal being allowed. .....

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