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2015 (6) TMI 1204 - AT - Income TaxAllowability of provision for gratuity debited to the Profit & Loss Account - applicability of provisions of section 43B and 40A(7) - HELD THAT:- We find that the issue adjudicated by the Tribunal for the assessment year 2007-08 [2014 (12) TMI 1356 - ITAT CHENNAI] is identical in principle to the one raised in this appeal. It is the decision of the Tribunal that provisions of section 40A(7) take precedence over the provisions of section 43B of the Act. Therefore, respectfully following the said decision of the Tribunal, we find that the order of the CIT(A) is fair and reasonable and it does not call for any interference. - Decided against revenue.
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