ACIT v. Syama Prasad Mookerjee Port (2025) 210 ITD 421 (Kol)(Trib.)

S. 36(1)(iv) : Contribution towards a recognized provident fund-Excess contributions to approved superannuation fund to bridge gap between actual contribution and actuarial valuations-Allowable as deduction. [S. 37(1), 36(1)(v) Rule, 27]

Held that  excess contributions to approved gratuity fund to bridge gap between actual contribution and actuarial valuations is allowable as deduction.  Tribunal also held that section 36(1)(v) does not contain any condition regarding any restriction regarding ordinary annual contribution to gratuity fund.  (AY. 2017-18, 2018-19, 2020-21, 2021-22)

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