https://www.taxtmi.com/caselaws?id=21179 The High Court ruled in favor of the assessee, emphasizing that the Income-tax Officer cannot restrict contributions to a gratuity fund to 8% of employees' salary under section 36(1)(v). The Court highlighted that once approval is granted for the fund, the assessing authority cannot question the contribution's conformity with rules post-approval. The judgment stressed compliance with approved conditions and the binding nature of the Commissioner's approval to ensure clarity and consistency in tax assessments. en-us Fri, 23 Nov 1990 00:00:00 +0530 Fri, 20 Nov 2009 15:50:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21179 The High Court ruled in favor of the assessee, emphasizing that the Income-tax Officer cannot restrict contributions to a gratuity fund to 8% of employees' salary under section 36(1)(v). The Court highlighted that once approval is granted for the fund, the assessing authority cannot question the contribution's conformity with rules post-approval. The judgment stressed compliance with approved conditions and the binding nature of the Commissioner's approval to ensure clarity and consistency in tax assessments. Case-Laws Income Tax Fri, 23 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21179