https://www.taxtmi.com/caselaws?id=69004 The appeal by a company manufacturing potentiometers and switches regarding the disallowance of a deduction claimed for contribution made to an employees' welfare trust was dismissed. The retrospective amendment to the Income-tax Act introduced by the Finance Act, 1984, led to the disallowance of the claimed amount. The tribunal held that the trust's expenditure, treated as laid out by the assessee under sec. 40A(10), triggers the applicability of sec. 40A(5)/40(c) for disallowance. The order upholding the disallowance of the trust's expenses was affirmed, and the assessee's appeal was dismissed. en-us Mon, 14 Mar 1988 00:00:00 +0530 Mon, 04 Apr 2011 14:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69004 The appeal by a company manufacturing potentiometers and switches regarding the disallowance of a deduction claimed for contribution made to an employees' welfare trust was dismissed. The retrospective amendment to the Income-tax Act introduced by the Finance Act, 1984, led to the disallowance of the claimed amount. The tribunal held that the trust's expenditure, treated as laid out by the assessee under sec. 40A(10), triggers the applicability of sec. 40A(5)/40(c) for disallowance. The order upholding the disallowance of the trust's expenses was affirmed, and the assessee's appeal was dismissed. Case-Laws Income Tax Mon, 14 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69004