Specific Provision u/s 40A(7)(b) prevails over S. 43B in Approved Gratuity Fund Deduction: Madras HC [Read Order]
The Madras HC ruled that when both provisions contain overriding clauses, the specific provision must take precedence over the general provision of the Income Tax Act
By Kavi Priya - On April 1, 2025 5:24 pm - 2 mins read
In a recent ruling, the Madras High Court clarified the legal interplay between Section 40A(7)(b) and Section 43B of the Income Tax Act, ruling that where contributions are made to an approved gratuity fund, the specific provision under Section 40A(7)(b) would prevail over the general provision of Section 43B, despite both sections containing non-obstante clauses….
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