Tax Tribunal Upholds Trust's Income as NIL; Gratuity and Prior Expenses Exempt u/s 10(23)(iiiab.

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....Assessment of trust - Addition on account of provisions of gratuity and prior period expenses - In fact, the assessee had made claim u/s 10(23)(iiiab) of the Act. Therefore, we do not find any infirmity in treating the income at NIL by Ld.CIT(A). Thus, grounds raised by the Revenue are dismissed. - AT....