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Gratuity Trust Contribution and Export Commission Allowed After Subsequent Trust Approval: ITAT Mumbai
Case Law Details
- Case Name
- BDH Industries Limited Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Mumbai
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BDH Industries Limited Vs ACIT (ITAT Mumbai)
Mumbai ITAT Allows Gratuity Trust Contribution & Export Commission Deduction; Subsequent Trust Approval Removes Disallowance
The Mumbai ITAT allowed the assessee’s appeal for Assessment Year 2018-19 by deleting the disallowance of ₹65,00,000 contributed to the Employees’ Group Gratuity Cash Accumulation Scheme (Gratuity Trust) and the disallowance of ₹8,48,000 towards export commission. The Tribunal noted that although the Gratuity Trust lacked approval at the time of assessment, the Pr. CIT, Mumbai-4 subsequently grante...
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