The Income Tax Appellate Tribunal (ITAT), Cochin, has held that the provision for gratuity made for the benefit of the retired employees can’t be disallowed under Section 43B of the Income Tax Act, 1961. The Assessing Officer had disallowed the provisions made by the assessee towards gratuity, leave salary, bonus and medical aid of retired […]
The post Provision for Gratuity for Retired Employees Deductible u/s 43B: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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