https://www.taxtmi.com/caselaws?id=9095 The High Court ruled in favor of the assessee, allowing contributions made to political parties through a union as deductions under section 37 of the Income Tax Act. The Court found a direct connection between the contributions and the business benefit received, emphasizing that the expenditure was incurred to save the business from annihilation, particularly in light of the extension of route permits granted to the assessee. The Court concluded that the contribution was allowable as a deduction as it was directly linked to preserving the business. en-us Wed, 21 Nov 1973 00:00:00 +0530 Fri, 19 Jun 2009 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9095 The High Court ruled in favor of the assessee, allowing contributions made to political parties through a union as deductions under section 37 of the Income Tax Act. The Court found a direct connection between the contributions and the business benefit received, emphasizing that the expenditure was incurred to save the business from annihilation, particularly in light of the extension of route permits granted to the assessee. The Court concluded that the contribution was allowable as a deduction as it was directly linked to preserving the business. Case-Laws Income Tax Wed, 21 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9095