https://www.taxtmi.com/caselaws?id=22988 A timely application for approval of a gratuity fund satisfied the statutory condition for deduction of the provision for gratuity. The assessee applied within the prescribed time, and the Commissioner's later approval was granted with retrospective effect. On that basis, the approval related back to the relevant assessment year, and the assessee could not be denied deduction merely because formal approval was issued later. The deduction claim was therefore upheld because the departmental delay did not defeat compliance with the statutory application requirement. en-us Mon, 19 Jun 1989 00:00:00 +0530 Tue, 15 Dec 2009 17:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22988 A timely application for approval of a gratuity fund satisfied the statutory condition for deduction of the provision for gratuity. The assessee applied within the prescribed time, and the Commissioner's later approval was granted with retrospective effect. On that basis, the approval related back to the relevant assessment year, and the assessee could not be denied deduction merely because formal approval was issued later. The deduction claim was therefore upheld because the departmental delay did not defeat compliance with the statutory application requirement. Case-Laws Income Tax Mon, 19 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22988