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Income Tax - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Addition of payment to an unapproved gratuity fund - It is not ...


Taxpayer's Gratuity Fund Payment Approved for Deduction Despite Fund Being Unapproved.

January 7, 2021

Case Laws     Income Tax     AT

Addition of payment to an unapproved gratuity fund - It is not in dispute that the assessee has actually paid the money. In other words, the money has actually gone out from the hands of the assessee. Therefore, that the money paid towards the gratuity fund would not come to the assessee at any event. - Deduction allowed - AT

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