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Income Tax - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Disallowance of provision for gratuity and leave encashment - in ...

Income Tax

August 7, 2021

Disallowance of provision for gratuity and leave encashment - in case of trust, the meaning ‘applied’ need not be construed as ‘spent’. It includes the necessary provisions required to be made as per statutory requirement. - AO directed to allow the provision for gratuity and leave encashment as applied for the object of the trust. - AT

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