https://www.taxtmi.com/caselaws?id=203469 The appeal by the Income Tax Department challenging the disallowance of expenses claimed by the assessee as a contribution to Udyog Bandh was dismissed. The expenses were found to be incidental to the business and covered under the Income Tax Act, leading to the conclusion that the claimed amount was a legitimate business expense and incurred wholly and exclusively for the assessee's business. The High Court upheld the decision, allowing the deduction under the head 'Profits and gains of Business or Profession' and section 37 of the Income Tax Act. en-us Thu, 10 Mar 2011 00:00:00 +0530 Sat, 28 May 2011 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203469 The appeal by the Income Tax Department challenging the disallowance of expenses claimed by the assessee as a contribution to Udyog Bandh was dismissed. The expenses were found to be incidental to the business and covered under the Income Tax Act, leading to the conclusion that the claimed amount was a legitimate business expense and incurred wholly and exclusively for the assessee's business. The High Court upheld the decision, allowing the deduction under the head 'Profits and gains of Business or Profession' and section 37 of the Income Tax Act. Case-Laws Income Tax Thu, 10 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203469