2018 (10) TMI 134

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....JUSTICE AKIL KURESHI) This Appeal is filed by the assessee to challenge the judgment of the Income Tax Appellate Tribunal, Ahmedabad dated 22nd March 2018. The following question is presented for our consideration : "Whether on the facts and evidence on record, the Tribunal has seriously erred in law in interpreting provisions of Section 36 [1] (v)(a) read with Section 2 [24](x) of the....

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....considering section 36(1)(va) of the Income Tax Act, 1961 read with sub-clause (x) of clause 24 of section 2, it is held that with respect to the sum received by the assessee from any of his employees to which provisions of sub-clause (x) of clause (24) of section (2) applies, the assessee shall be entitled to deduction in computing the income referred to in section 28 with respect to such sum cre....