https://www.taxtmi.com/caselaws?id=186758 Employee welfare and recreational reimbursements, including club and body subscriptions, may escape section 40A(9) where they are in substance business expenditure and not contributions to a disallowed fund or body, although a direct cooperative society subscription may remain disallowable. An additional disallowance challenge under section 14A read with Rule 8D was not entertained because the matter had effectively been accepted below, and Rule 8D was not applicable for the relevant year. The amended section 80IA permits an eligible power undertaking to choose the ten-year deduction period from the year of first claim, and nursery income from cultivated clonal plants, coconut and sugarcane retains agricultural character where it arises from basic agricultural operations on land. en-us Fri, 10 Jun 2011 00:00:00 +0530 Thu, 29 Sep 2016 14:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186758 Employee welfare and recreational reimbursements, including club and body subscriptions, may escape section 40A(9) where they are in substance business expenditure and not contributions to a disallowed fund or body, although a direct cooperative society subscription may remain disallowable. An additional disallowance challenge under section 14A read with Rule 8D was not entertained because the matter had effectively been accepted below, and Rule 8D was not applicable for the relevant year. The amended section 80IA permits an eligible power undertaking to choose the ten-year deduction period from the year of first claim, and nursery income from cultivated clonal plants, coconut and sugarcane retains agricultural character where it arises from basic agricultural operations on land. Case-Laws Income Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186758