https://www.taxtmi.com/caselaws?id=22471 The court ruled in favor of the assessee, allowing the deduction for the contribution to the approved gratuity fund for the assessment year 1977-78. The court emphasized the significance of fund approval for deductions under section 36(1)(v) of the Income-tax Act, highlighting the statutory limitations on contributions and the deductibility of contributions to approved gratuity funds if compliant with rules. Precedents such as Shree Sajjan Mills Ltd. v. CIT and Triplicane Permanent Fund Ltd. v. CIT supported the deductibility of contributions to approved funds, dismissing the Revenue's argument against the deduction. en-us Mon, 11 Feb 1991 00:00:00 +0530 Thu, 10 Dec 2009 12:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22471 The court ruled in favor of the assessee, allowing the deduction for the contribution to the approved gratuity fund for the assessment year 1977-78. The court emphasized the significance of fund approval for deductions under section 36(1)(v) of the Income-tax Act, highlighting the statutory limitations on contributions and the deductibility of contributions to approved gratuity funds if compliant with rules. Precedents such as Shree Sajjan Mills Ltd. v. CIT and Triplicane Permanent Fund Ltd. v. CIT supported the deductibility of contributions to approved funds, dismissing the Revenue's argument against the deduction. Case-Laws Income Tax Mon, 11 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22471