https://www.taxtmi.com/caselaws?id=354220 Contribution to an employees' gratuity fund was deductible under section 36(1)(v) where the fund had already been created and satisfied the prescribed conditions, even though formal approval was granted later. The approval of a pre-existing trust was treated as relating back to the date the fund was set up, and the effective date could not be fixed arbitrarily when the approval itself recognised the date of application. Deduction could not be denied merely because the approval order was issued after the contribution. The alternative claim under section 37(1) failed because expenditure governed specifically by section 36 cannot be claimed under the general provision. en-us Wed, 15 Nov 2017 00:00:00 +0530 Sun, 21 Jan 2018 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354220 Contribution to an employees' gratuity fund was deductible under section 36(1)(v) where the fund had already been created and satisfied the prescribed conditions, even though formal approval was granted later. The approval of a pre-existing trust was treated as relating back to the date the fund was set up, and the effective date could not be fixed arbitrarily when the approval itself recognised the date of application. Deduction could not be denied merely because the approval order was issued after the contribution. The alternative claim under section 37(1) failed because expenditure governed specifically by section 36 cannot be claimed under the general provision. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354220