https://www.taxtmi.com/caselaws?id=344512 Provident fund contributions paid by an assessee for sub-contractors and their employees were held allowable as business expenditure where contract conditions required compliance with the EPF regime and the payments were incurred in the course of executing construction work. The tribunal treated the outlay as arising from business necessity and commercial expediency, and noted that the labour services were undisputed. As the payments were revenue in nature and not shown to be personal, capital, or otherwise barred under section 37(1), the disallowance, including the enhancement, was set aside in favour of the assessee. en-us Wed, 31 May 2017 00:00:00 +0530 Mon, 19 Jun 2017 07:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344512 Provident fund contributions paid by an assessee for sub-contractors and their employees were held allowable as business expenditure where contract conditions required compliance with the EPF regime and the payments were incurred in the course of executing construction work. The tribunal treated the outlay as arising from business necessity and commercial expediency, and noted that the labour services were undisputed. As the payments were revenue in nature and not shown to be personal, capital, or otherwise barred under section 37(1), the disallowance, including the enhancement, was set aside in favour of the assessee. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344512