THE ACIT,, ELURU vs. M/S. JEYPOTE SUGAR COMPANY LTD., CHAGALLU
In the result, appeal filed by the revenue and the CO filed by the assessee are dismissed
ITA 268/VIZ/2015[2010-11]Status: DisposedITAT Visakhapatnam31 Jul 2018AY 2010-11
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleacit, Circle-1, Vs. M/S. The Jeypore Sugar Eluru. Company Ltd., D.No. 6/69, Chagallu, W.G. District. Pan No. Aaact 9942 R (Appellant) (Respondent) C.O.No. 50/Viz/2016 (Arising Out Of Ita No. 268/Viz/2015) (Asst. Year : 2010-11) M/S. The Jeypore Sugar Vs. Acit, Circle-1, Company Ltd., D.No. 6/69, Eluru. Chagallu, W.G. District. Pan No. Aaact 9942 R (Applicant) (Respondent)
For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Shri K.C. Das – Sr.DR
Section 36Section 36(1)(iv)Section 369(1)(iv)Section 37Section 40A(7)Section 40k
583
(2010) wherein it was held that for gratuity to be deductible under the Act, it must fulfill the conditions laid down in C.O.No. 50/VIZ/2016
(M/s. The Jeypore Sugar Company Ltd.)
Sec.40A(7) and the deduction cannot be allowed on general principles under any other sections of the Act because sub- section(l) of section 40k makes it clear that
