https://www.taxtmi.com/caselaws?id=24307 The court ruled in favor of the respondent-assessees, allowing the deduction of the provision made for payment to an approved gratuity fund for the assessment year 1976-77 under section 40A(7)(b)(i) of the Income-tax Act, 1961. The court emphasized that the provision for contribution towards an approved gratuity fund sufficed for deduction, even if the fund's approval occurred after the provision was made. The judgment favored the respondent-assessees in both cases, ITR No. 351 of 1982 and ITR No. 7 of 1984, with directions for further action to the Income-tax Appellate Tribunal, Cochin Bench. en-us Fri, 03 Mar 1989 00:00:00 +0530 Tue, 19 Jan 2010 11:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24307 The court ruled in favor of the respondent-assessees, allowing the deduction of the provision made for payment to an approved gratuity fund for the assessment year 1976-77 under section 40A(7)(b)(i) of the Income-tax Act, 1961. The court emphasized that the provision for contribution towards an approved gratuity fund sufficed for deduction, even if the fund's approval occurred after the provision was made. The judgment favored the respondent-assessees in both cases, ITR No. 351 of 1982 and ITR No. 7 of 1984, with directions for further action to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Fri, 03 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24307