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2014 (1) TMI 649 - AT - Income TaxDisallowance of deduction of Gratuity expenditure – Held that:- Following The Asst. Commissioner of Income-tax Versus Vs. M/s. Sri Krishna Drugs Ltd. [2013 (11) TMI 111 - ITAT HYDERABAD] - The amount paid towards an unapproved gratuity fund can be deducted under sec. 37 of the I.T. Act, though not under sec. 36(1)(v) - even if any payment is made to an unapproved gratuity fund, it has to be allowed under sec. 37 – order of the CIT(A) set aside – Decided in favour of Assessee.
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