https://www.taxtmi.com/caselaws?id=303421 The Tribunal upheld the decision of the CIT(Appeals) to allow the provision for Gratuity under Section 40(A)(7) of the Income-tax Act, 1961 for the assessment year 2007-08. The Tribunal found that the Gratuity fund was approved and provisions were made by the assessee, making Section 40A(7)(b) applicable instead of Section 40A(7)(a). The appeal of the Revenue was dismissed, affirming the CIT(Appeals)' decision, with the order pronounced on 31st July 2015 in Chennai. en-us Fri, 31 Jul 2015 00:00:00 +0530 Fri, 22 Jul 2022 09:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303421 The Tribunal upheld the decision of the CIT(Appeals) to allow the provision for Gratuity under Section 40(A)(7) of the Income-tax Act, 1961 for the assessment year 2007-08. The Tribunal found that the Gratuity fund was approved and provisions were made by the assessee, making Section 40A(7)(b) applicable instead of Section 40A(7)(a). The appeal of the Revenue was dismissed, affirming the CIT(Appeals)' decision, with the order pronounced on 31st July 2015 in Chennai. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303421