Tuesday, November 5, 2019

No disallowance could be made if assessee duly provided evidences with regards to payment of gratuity

INCOME TAX: Where gratuity was actually paid by assessee employer to its employees, no disallowance under section 40A(7) could be made and actual payment of gratuity was to be allowed under section 36(1)(v)

from www.taxmann.com Latest Case Laws https://ift.tt/2CfH9KZ

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...