https://www.taxtmi.com/caselaws?id=258169 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to allow the claim of Rs. 29,73,044 for gratuity payments and the claim of Rs. 1,61,572 for alleged less interest charged from customers. The Tribunal found that the gratuity payments were actually paid during the year and were allowable deductions under section 40A(7)(b) of the Income-tax Act. Additionally, it noted that the interest discrepancies were consistently adjusted in the subsequent year, with no tax effect difference. The Tribunal ruled that the additions made by the Assessing Officer were unjustified. en-us Mon, 26 Aug 2013 00:00:00 +0530 Thu, 02 Apr 2015 05:57:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258169 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to allow the claim of Rs. 29,73,044 for gratuity payments and the claim of Rs. 1,61,572 for alleged less interest charged from customers. The Tribunal found that the gratuity payments were actually paid during the year and were allowable deductions under section 40A(7)(b) of the Income-tax Act. Additionally, it noted that the interest discrepancies were consistently adjusted in the subsequent year, with no tax effect difference. The Tribunal ruled that the additions made by the Assessing Officer were unjustified. Case-Laws Income Tax Mon, 26 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258169