https://www.taxtmi.com/caselaws?id=270570 The ITAT Jaipur Bench dismissed the Revenue's appeal for the assessment year 2007-08. The decisions of the ld. CIT(A) to allow prior period expenses, deduction for contribution to an unapproved gratuity fund, and contribution to the State Renewal Fund were upheld based on previous rulings and precedents in favor of the assessee. The Revenue's grounds were dismissed, emphasizing that liabilities crystallized upon approval of payment and that the approval status of the schemes was not proven by the AO. en-us Fri, 20 Nov 2015 00:00:00 +0530 Fri, 08 Jan 2016 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270570 The ITAT Jaipur Bench dismissed the Revenue's appeal for the assessment year 2007-08. The decisions of the ld. CIT(A) to allow prior period expenses, deduction for contribution to an unapproved gratuity fund, and contribution to the State Renewal Fund were upheld based on previous rulings and precedents in favor of the assessee. The Revenue's grounds were dismissed, emphasizing that liabilities crystallized upon approval of payment and that the approval status of the schemes was not proven by the AO. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270570