https://www.taxtmi.com/caselaws?id=77818 The court ruled in favor of the assessee, holding that expenses incurred for promoting business in a model village under the Swasthi Gram Yojana scheme were allowable under section 37 of the Income Tax Act. The court considered the developmental projects as business promotion, enabling lending activities in rural areas and fulfilling the entity's purpose as directed by the State Government. Consequently, the appeal was dismissed, affirming that the expenses were legitimately incurred for business promotion and enhancing infrastructural facilities in villages. en-us Fri, 04 Dec 2009 00:00:00 +0530 Thu, 14 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77818 The court ruled in favor of the assessee, holding that expenses incurred for promoting business in a model village under the Swasthi Gram Yojana scheme were allowable under section 37 of the Income Tax Act. The court considered the developmental projects as business promotion, enabling lending activities in rural areas and fulfilling the entity's purpose as directed by the State Government. Consequently, the appeal was dismissed, affirming that the expenses were legitimately incurred for business promotion and enhancing infrastructural facilities in villages. Case-Laws Income Tax Fri, 04 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77818