Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
3 the relevant paragraph is inserted as below: “ii) Provision for payment of gratuity not allowable u/s 40A(7) of the Act: During the assessment proceedings, it has been found that an amount of Rs.22,59,445/- has been debited to Profit and Loss A/c under the head Provisions for payment of gratuity which is disallowable u/s 40A