Revision Under Section 263 Quashed as Contribution to Approved Gratuity Fund Exceeding 8.33% Is Allowable
Revision Under Section 263 Quashed as Contribution to Approved Gratuity Fund Exceeding 8.33% Is Allowable Issue Whether the Principal Commissioner was justified in invoking revisionary jurisdiction under Section 263 to disallow an assessee’s actuarially-determined contribution to an approved gratuity fund on the ground that it exceeded the 8.33% salary limit specified in Rule 103 of… Read More »