https://www.taxtmi.com/caselaws?id=331798 The High Court affirmed the decisions of lower authorities in a tax case, allowing prior period expenses due to crystallization in the relevant year, rejecting disallowance of contribution to LIC Group Gratuity Scheme for lack of Commissioner approval after long delay, and permitting contribution to State Renewal Fund as a legal obligation for employee welfare under section 37(1). The court criticized Revenue for unjustified disallowances and emphasized factual findings and evidence in expense determination. The appeal was dismissed, highlighting the need for valid reasons in disallowance decisions. en-us Fri, 29 Apr 2016 00:00:00 +0530 Fri, 02 Sep 2016 12:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331798 The High Court affirmed the decisions of lower authorities in a tax case, allowing prior period expenses due to crystallization in the relevant year, rejecting disallowance of contribution to LIC Group Gratuity Scheme for lack of Commissioner approval after long delay, and permitting contribution to State Renewal Fund as a legal obligation for employee welfare under section 37(1). The court criticized Revenue for unjustified disallowances and emphasized factual findings and evidence in expense determination. The appeal was dismissed, highlighting the need for valid reasons in disallowance decisions. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331798