https://www.taxtmi.com/circulars?id=10067 Exemption for income of approved gratuity funds was introduced effective 1 April 1973; prior to that such income was not exempt and earlier exemptions by analogy with other funds were not legally justified. The Board requires a review of cases up to assessment year 1972-73 to identify funds whose interest or other income was improperly exempted and mandates submission of a list of those funds and actions taken to recover revenue by 25 August 1973. en-us Wed, 01 Aug 1973 00:00:00 +0530 Fri, 17 Jun 2011 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10067 Exemption for income of approved gratuity funds was introduced effective 1 April 1973; prior to that such income was not exempt and earlier exemptions by analogy with other funds were not legally justified. The Board requires a review of cases up to assessment year 1972-73 to identify funds whose interest or other income was improperly exempted and mandates submission of a list of those funds and actions taken to recover revenue by 25 August 1973. Circulars Income Tax Wed, 01 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10067