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 arou

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