The ITAT held that the assessee possessed valid approval under...

The ITAT held that the assessee possessed valid approval under the Act for claiming exemption under section 10(25)(iv) in respect of income received by trustees on behalf of an approved gratuity fund; the Tribunal noted prior allowance of the exemption for A.Y. 2021-22 and 2022-23. For A.Y. 2024-25 the ITAT remitted the issue to the file of the AO for verification of documentary and factual particulars supporting the exemption claim and directed that, if the particulars are found correct, the AO shall allow the exemption in accordance with law. The grounds of appeal advanced by the assessee were allowed for statistical purposes.