https://www.taxtmi.com/caselaws?id=218729 Statutory payments made under a special market enactment for the objects of the assessee institution were treated as allowable revenue expenditure, including amounts paid towards Kisan Sadak Nidhi, Goshala Anudhan, Adhosaranchana Nidhi, Gausanvardhan Nidhi, Board Shulk and election expenses. The Tribunal applied earlier orders on the same statutory framework and accepted that these outgoings were not voluntary contributions but business-related statutory payments, so the deductions were allowed. By contrast, the amount credited to Aarakshit Nidhi required fresh factual examination because the nature of the fund, actual incurrence of liability and statutory directions had not been fully examined, so that issue was remanded. en-us Tue, 10 Jan 2012 00:00:00 +0530 Sat, 24 Nov 2012 02:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218729 Statutory payments made under a special market enactment for the objects of the assessee institution were treated as allowable revenue expenditure, including amounts paid towards Kisan Sadak Nidhi, Goshala Anudhan, Adhosaranchana Nidhi, Gausanvardhan Nidhi, Board Shulk and election expenses. The Tribunal applied earlier orders on the same statutory framework and accepted that these outgoings were not voluntary contributions but business-related statutory payments, so the deductions were allowed. By contrast, the amount credited to Aarakshit Nidhi required fresh factual examination because the nature of the fund, actual incurrence of liability and statutory directions had not been fully examined, so that issue was remanded. Case-Laws Income Tax Tue, 10 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218729