https://www.taxtmi.com/caselaws?id=394676 The Tribunal held that the delay in approval of the payment to a gratuity fund should not penalize the assessee, as the delay was not justified and the application was complete. The assessee's eligibility for deduction under section 36(1)(v) was upheld, emphasizing that taxpayers should not be penalized for delays caused by authorities. The Tribunal directed the Revenue to grant the benefit of approval retrospectively from the application date in 2008, highlighting the importance of timely processing of approval applications and fair treatment of taxpayers. en-us Mon, 10 Feb 2020 00:00:00 +0530 Tue, 21 Apr 2020 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394676 The Tribunal held that the delay in approval of the payment to a gratuity fund should not penalize the assessee, as the delay was not justified and the application was complete. The assessee's eligibility for deduction under section 36(1)(v) was upheld, emphasizing that taxpayers should not be penalized for delays caused by authorities. The Tribunal directed the Revenue to grant the benefit of approval retrospectively from the application date in 2008, highlighting the importance of timely processing of approval applications and fair treatment of taxpayers. Case-Laws Income Tax Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394676