ITAT allowed deduction of premium paid towards employee gratuity fund if such fund was duly approved in later year

INCOME TAX : Where AO disallowed deduction under section 36(1)(v) to assessee company on account of payment of premium made directly to LIC towards employees gratuity fund created by it with LIC on ground that such gratuity fund was not approved, since undisputedly approval under section 2(5) was granted to gratuity fund subsequently by Commissioner, deduction was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/3iGeCnK