Community Service Contributions by Employer as per MOU with Workers Union is Business Expenditure, rules Bombay HC in Relief to Tata Engineering [Read Order]
The Court noted that payments disallowed under Section 40A(9) were those made explicitly "as an employer"
By Manu Sharma - On August 13, 2024 1:47 pm - 2 mins read
The Bombay High Court recently ruled that contributions to a public welfare fund, if linked to the assessee’s business or resulting in benefits to the business, should be eligible for deduction under Section 37 of the Income Tax Act. This decision arose from a case involving contributions of Tata Engineering & Locomotive to its workers’…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
