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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

The assessee should not suffer for inaction of the revenue ...


Assessee's Contribution to Group Gratuity Fund Approved; No Penalty for Revenue Authorities' Inaction u/s 36(1)(v.

June 21, 2017

Case Laws     Income Tax     AT

The assessee should not suffer for inaction of the revenue authorities. As now the Commissioner of Income Tax has approved the fund, the contribution made by the assessee towards group gratuity fund is allowable u/s. 36(1)(v) of the Act.

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