https://www.taxtmi.com/caselaws?id=70490 The Tribunal disallowed the deduction claimed by the assessee for a provision of gratuity under section 40A(7) of the Income-tax Act, 1961. The Tribunal held that since the assessee had not created an approved gratuity fund and no gratuity had become payable during the relevant year, the conditions of section 40A(7) were not met. Therefore, the Tribunal reversed the decision of the Commissioner (Appeals) and allowed the revenue's appeal, restoring the addition of Rs. 10,115. en-us Fri, 07 Jun 1985 00:00:00 +0530 Sat, 16 Apr 2011 14:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70490 The Tribunal disallowed the deduction claimed by the assessee for a provision of gratuity under section 40A(7) of the Income-tax Act, 1961. The Tribunal held that since the assessee had not created an approved gratuity fund and no gratuity had become payable during the relevant year, the conditions of section 40A(7) were not met. Therefore, the Tribunal reversed the decision of the Commissioner (Appeals) and allowed the revenue's appeal, restoring the addition of Rs. 10,115. Case-Laws Income Tax Fri, 07 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70490