COMMISSIONER OF INCOME-TAX versus CHACKOLAS SPINNING AND WEAVING MILLS LTD.
The scope of law enforcement's provision for a living allowance for an approved Gratuity Fund grant must be made for the purpose of paying any amount through any contribution to an approved Gratuity Fund. Or if there is a reserve, there is no need for a gratuity fund at the time of creation of the reserve. The Gratuity Fund 22, created after the introduction of section 40A (7) by the Indian Finance Act, 1975, 1975, was approved by the Commissioner on 22 Commissioner 1976. Approval will apply from 22 12 1975. , That is, the Fund is entitled to deduct the provision for the Income Tax Act, 1961, section 40A (7) (b) (i) for the Assessment Year 1976 77 to date of creation.
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