https://www.taxtmi.com/caselaws?id=208116 Statutory contribution made under section 27 of the Punjab Agricultural Produce Market Act, 1961 was treated as allowable expenditure and as application of income for charitable purposes because the issue was covered by binding precedent of the same High Court. The Tribunal's view allowing the contribution to the HSAM Board was therefore left undisturbed, and the revenue's appeal was dismissed as the question had already been decided in favour of the assessee on the same point. en-us Thu, 07 Apr 2011 00:00:00 +0530 Thu, 05 Jan 2012 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208116 Statutory contribution made under section 27 of the Punjab Agricultural Produce Market Act, 1961 was treated as allowable expenditure and as application of income for charitable purposes because the issue was covered by binding precedent of the same High Court. The Tribunal's view allowing the contribution to the HSAM Board was therefore left undisturbed, and the revenue's appeal was dismissed as the question had already been decided in favour of the assessee on the same point. Case-Laws Income Tax Thu, 07 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208116