https://www.taxtmi.com/caselaws?id=798341 Contributions paid directly to an approved LIC Group Gratuity Scheme pursuant to actuarial valuation are deductible under Section 36(1)(v) where the employer retains no control over the funds. Rule 103 does not require disallowance solely because an actuarially determined contribution exceeds 8.33% of employees' salaries. Revision under Section 263 is unavailable where the assessment examined the gratuity claim and allowed it consistently with the settled treatment of payments to approved gratuity funds, since no error prejudicial to the Revenue arises. The gratuity deduction therefore remains admissible and cannot support revisionary action. en-us Thu, 09 Jul 2026 00:00:00 +0530 Sat, 05 Sep 2026 08:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798341 Contributions paid directly to an approved LIC Group Gratuity Scheme pursuant to actuarial valuation are deductible under Section 36(1)(v) where the employer retains no control over the funds. Rule 103 does not require disallowance solely because an actuarially determined contribution exceeds 8.33% of employees' salaries. Revision under Section 263 is unavailable where the assessment examined the gratuity claim and allowed it consistently with the settled treatment of payments to approved gratuity funds, since no error prejudicial to the Revenue arises. The gratuity deduction therefore remains admissible and cannot support revisionary action. Case-Laws Income Tax Thu, 09 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798341