https://www.taxtmi.com/caselaws?id=55600 The Tribunal ruled in favor of the assessee, holding that the withdrawal of previously allowed gratuity provisions for changing the payment method from trust fund contributions to cash payments was unjustified. It emphasized that the contributions to the irrevocable trust fund had discharged the liability, and without statutory provisions to tax the already allowed amount, the Commissioner's direction to tax it as income was unwarranted. The Tribunal quashed the Commissioner's order and restored the original assessment, highlighting the absence of valid grounds for taxing the amount as 'income' for the assessment year. en-us Mon, 03 Jan 1983 00:00:00 +0530 Mon, 29 Nov 2010 09:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55600 The Tribunal ruled in favor of the assessee, holding that the withdrawal of previously allowed gratuity provisions for changing the payment method from trust fund contributions to cash payments was unjustified. It emphasized that the contributions to the irrevocable trust fund had discharged the liability, and without statutory provisions to tax the already allowed amount, the Commissioner's direction to tax it as income was unwarranted. The Tribunal quashed the Commissioner's order and restored the original assessment, highlighting the absence of valid grounds for taxing the amount as 'income' for the assessment year. Case-Laws Income Tax Mon, 03 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55600