2015 (7) TMI 1413

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....ant : Sh. P. Radhakrishnan, JCIT. For the Respondent : Sh. Saroj Kumar Parida, Advocate. ORDER PER N.R.S. GANESAN, JUDICIAL MEMBER: These appeals of the Revenue are directed against the respective orders passed by the Commissioner of Income Tax (Appeals)-III, Chennai, for the assessment years 2005-06 and 2008- 09. Since common issue arises for consideration in both these appeals, we he....

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....e of details of the payment, the same cannot be allowed under Section 43B of the Act. 4. On the contrary, Sh. Saroj Kumar Parida, the Ld. counsel for the assessee, submitted that under Section 40A(7)(b) of the Act, a provision made for payment of Gratuity, an approved fund is an allowable expenditure, while computing taxable income. A similar view was taken by this Tribunal in I.T.A. No.1551/Md....