https://www.taxtmi.com/caselaws?id=194863 Employee welfare payments for a school run for workers' children were treated as business expenditure on commercial expediency and not as a prohibited contribution to a trust, so the deduction was allowed. Depreciation on catalyst, section 80IA relief for the captive power plant, club expenses for employees, and TDS credit were also allowed by following earlier orders in the assessee's own case. The bonus-liability disallowance under section 43B was sent back for verification. Loss on sale of catalyst to a sister concern was allowed for want of evidence of sham or understatement, but the claimed inventory revaluation loss on imported pumps was disallowed for the year because obsolescence or scrapping was not shown. en-us Mon, 31 Oct 2011 00:00:00 +0530 Mon, 09 Oct 2017 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194863 Employee welfare payments for a school run for workers' children were treated as business expenditure on commercial expediency and not as a prohibited contribution to a trust, so the deduction was allowed. Depreciation on catalyst, section 80IA relief for the captive power plant, club expenses for employees, and TDS credit were also allowed by following earlier orders in the assessee's own case. The bonus-liability disallowance under section 43B was sent back for verification. Loss on sale of catalyst to a sister concern was allowed for want of evidence of sham or understatement, but the claimed inventory revaluation loss on imported pumps was disallowed for the year because obsolescence or scrapping was not shown. Case-Laws Income Tax Mon, 31 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194863