https://www.taxtmi.com/caselaws?id=253317 A contribution to a workers' sickness benefit society made under certified standing orders and a binding settlement was treated as a statutory and contractual obligation for employee medical benefits. The Calcutta HC noted that the payment was not to a recognised fund, approved superannuation fund or approved gratuity fund, but it still fell outside section 40A(9) because it was required under law for the time being in force. The same expenditure was also allowed under section 37(1) as business expenditure incurred wholly and exclusively for the purposes of the business. en-us Wed, 12 Nov 2014 00:00:00 +0530 Fri, 21 Nov 2014 12:06:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253317 A contribution to a workers' sickness benefit society made under certified standing orders and a binding settlement was treated as a statutory and contractual obligation for employee medical benefits. The Calcutta HC noted that the payment was not to a recognised fund, approved superannuation fund or approved gratuity fund, but it still fell outside section 40A(9) because it was required under law for the time being in force. The same expenditure was also allowed under section 37(1) as business expenditure incurred wholly and exclusively for the purposes of the business. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253317