https://www.taxtmi.com/article/detailed?id=611 The Supreme Court affirmed that payments made directly by an employer to an insurer for a group gratuity policy are deductible under Section 36(1)(v) where the insurer holds the amounts for the exclusive benefit of employees, the employer lacks control over the fund, and the contributions effectively constitute payments to an approved gratuity fund; substance over form governs the allowance of the deduction. en-us Fri, 25 Dec 2009 00:00:00 +0530 Fri, 25 Dec 2009 22:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=611 The Supreme Court affirmed that payments made directly by an employer to an insurer for a group gratuity policy are deductible under Section 36(1)(v) where the insurer holds the amounts for the exclusive benefit of employees, the employer lacks control over the fund, and the contributions effectively constitute payments to an approved gratuity fund; substance over form governs the allowance of the deduction. Articles Income Tax Fri, 25 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=611