https://www.taxtmi.com/caselaws?id=340815 The Tribunal upheld the Commissioner's decision to disallow the provision for gratuity under section 40A(7) of the Income Tax Act, affirming it as not allowable. Regarding the applicability of section 11(4), the Tribunal ruled it was not applicable as the assessee's activities fell under charitable purposes and not a business undertaking. The Tribunal found the Commissioner's invocation of section 263 unjustified, as the Assessing Officer's order was not prejudicial to revenue. Consequently, the Tribunal quashed the Commissioner's order under section 263, allowing the appeal filed by the assessee. en-us Fri, 17 Mar 2017 00:00:00 +0530 Wed, 22 Mar 2017 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340815 The Tribunal upheld the Commissioner's decision to disallow the provision for gratuity under section 40A(7) of the Income Tax Act, affirming it as not allowable. Regarding the applicability of section 11(4), the Tribunal ruled it was not applicable as the assessee's activities fell under charitable purposes and not a business undertaking. The Tribunal found the Commissioner's invocation of section 263 unjustified, as the Assessing Officer's order was not prejudicial to revenue. Consequently, the Tribunal quashed the Commissioner's order under section 263, allowing the appeal filed by the assessee. Case-Laws Income Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340815