https://www.taxtmi.com/caselaws?id=253630 The High Court upheld the Income Tax Appellate Tribunal's decision to allow a deduction for a contribution to the staff benevolent fund, emphasizing its genuine and beneficial nature for employee welfare. The Court also affirmed the deductibility of expenses incurred for employee welfare, including various programs and aids, based on their legitimate purpose and genuine nature. Relying on circulars and case law, the Court dismissed the appeal, supporting the Tribunal's findings on the deductibility of expenses for employee welfare. en-us Tue, 18 Nov 2014 00:00:00 +0530 Sat, 29 Nov 2014 11:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253630 The High Court upheld the Income Tax Appellate Tribunal's decision to allow a deduction for a contribution to the staff benevolent fund, emphasizing its genuine and beneficial nature for employee welfare. The Court also affirmed the deductibility of expenses incurred for employee welfare, including various programs and aids, based on their legitimate purpose and genuine nature. Relying on circulars and case law, the Court dismissed the appeal, supporting the Tribunal's findings on the deductibility of expenses for employee welfare. Case-Laws Income Tax Tue, 18 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253630