Gratuity Cannot Be Disallowed for Delay in Approval of Gratuity Fund

Twinings Private Ltd. Vs DCIT (ITAT Kolkata) In a significant decision, the Income Tax Appellate Tribunal (ITAT) Kolkata, in the case of Twinings Private Ltd. Vs DCIT, has ruled that delay in the approval of a gratuity fund cannot lead to the disallowance of gratuity contributions. This ruling marks a departure from the conventional interpretation of tax laws and underscores the importance of fair treatment to taxpayers in matters concerning employee welfare schemes. The case revolved around the disallowance of a gratuity contribution made by Twinings Private Ltd. to the LIC Group Gratuity Sch...