Scope of amendment of the Gratuity Act - Applicability of ...

Case Laws Income Tax

August 17, 2021

Scope of amendment of the Gratuity Act - Applicability of Payment of Gratuity (Amendment) Act, 2010 from 1.1.2007 - the date of commencement fixed by the Executive in exercise of power delegated by the Amending Act cannot be treated to be retrospective as the benefit of higher gratuity is one-time available to the employees only after the commencement of the Amending Act. The benefit paid to the appellants under the office memorandum is not entitled to exemption in view of specific language of Section 10(10)(ii) of the Income Tax Act. - SC

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Scope of amendment of the Gratuity Act - Applicability of ...

Case Laws Income Tax

August 17, 2021

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