Contribution to gratuity fund and superannuation fund

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Ankur Issar (Querist)
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02 February 2012 ABC LTD has made contribution to Gratuity fund and superannuation fund and thereafter filed an application to Chief CIT or CIT for its approval. CIT Approval is pending. Now please tell me whether contribution to Gratuity and superannuation fund is allowable under Income tax act 1961 during the pendency of approval of CIT ? If yes then under which section ?
Please give your views along with relevant circulars , notification and case laws as soon as possible. Thanks in advance

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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02 February 2012 COMMISSIONER OF INCOME TAX vs. WARNER HINDUSTHAN LTD. HIGH COURT OF ANDHRA PRADESH

It can be claimed U/s 37(1) , if it is not allowed U/s 36(1)(v).

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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02 February 2012 You may read the judgement -

http://taxpundit.org/ITRPDF/151ITR/151ITR701.pdf

Ankur Issar

Ankur Issar (Querist)
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03 February 2012 thanks for your reply Sir
But Sir can their be any other case law on this

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