https://www.taxtmi.com/caselaws?id=774457 The Gujarat HC upheld the Tribunal's finding that a bank's gratuity and leave encashment payments claimed as expenditure were actual payments made during the financial year, not merely provisions. The Tribunal found that the bank had reduced gratuity provision by Rs. 5,61,84,048.80 and leave encashment provision by Rs. 1,47,87,684, totaling Rs. 7,09,71,732, by nullifying provisions in the main expense schedule. The net amount of Rs. 41,94,73,451 debited to Profit & Loss Account represented actual expenditure incurred and paid during FY 2014-15. The court found no substantial question of law arose. en-us Tue, 24 Jun 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774457 The Gujarat HC upheld the Tribunal's finding that a bank's gratuity and leave encashment payments claimed as expenditure were actual payments made during the financial year, not merely provisions. The Tribunal found that the bank had reduced gratuity provision by Rs. 5,61,84,048.80 and leave encashment provision by Rs. 1,47,87,684, totaling Rs. 7,09,71,732, by nullifying provisions in the main expense schedule. The net amount of Rs. 41,94,73,451 debited to Profit & Loss Account represented actual expenditure incurred and paid during FY 2014-15. The court found no substantial question of law arose. Case-Laws Income Tax Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774457