Shakti Apifoods (P.) Ltd. v. Assessing Officer (2022) 193 ITD 751 (Chd.)(Trib.)

S. 143(3) : Assessment-Provision for gratuity-Disallowed in the return-Addition is held to be not valid. [S. 37(1)]

Held that in the return of income filed along with computation of income the  provision for gratuity which had been debited in profit/loss account had been disallowed by assessee itself and no claim for provision for gratuity had been made by assessee while filing its return of income, addition made towards provision for gratuity was not valid.  (AY. 2019-20)