https://www.taxtmi.com/caselaws?id=118764 The Tribunal allowed the assessee's appeals, overturning the lower authorities' decisions and rejecting the revenue's appeal. Regarding the disallowance of the contribution towards Ryots Welfare Fund, the Tribunal found the contribution allowable as it directly benefited the business. Concerning the addition of net excise duty, the Tribunal ruled in favor of the appellant, stating that section 145A was not retrospective and thus deleted the addition. en-us Fri, 30 Sep 2005 00:00:00 +0530 Thu, 05 Jul 2012 15:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118764 The Tribunal allowed the assessee's appeals, overturning the lower authorities' decisions and rejecting the revenue's appeal. Regarding the disallowance of the contribution towards Ryots Welfare Fund, the Tribunal found the contribution allowable as it directly benefited the business. Concerning the addition of net excise duty, the Tribunal ruled in favor of the appellant, stating that section 145A was not retrospective and thus deleted the addition. Case-Laws Income Tax Fri, 30 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118764