https://www.taxtmi.com/caselaws?id=10306 The court clarified that section 40A(9) of the Income-tax Act was inapplicable as the contribution was made for business interests, not as an employer. Regarding the deduction under section 37(1), the court found the contribution to the Bhilwara Export Fund was made for business expediency, promoting exports, and earning subsidies, thus allowable as a deduction. Citing precedents, the court held that voluntary expenses for commercial expediency are deductible. The contribution's nexus to the assessee's business and promotion of exports justified its allowance. Consequently, the appeal was dismissed. en-us Wed, 15 Oct 2003 00:00:00 +0530 Mon, 13 Jul 2009 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10306 The court clarified that section 40A(9) of the Income-tax Act was inapplicable as the contribution was made for business interests, not as an employer. Regarding the deduction under section 37(1), the court found the contribution to the Bhilwara Export Fund was made for business expediency, promoting exports, and earning subsidies, thus allowable as a deduction. Citing precedents, the court held that voluntary expenses for commercial expediency are deductible. The contribution's nexus to the assessee's business and promotion of exports justified its allowance. Consequently, the appeal was dismissed. Case-Laws Income Tax Wed, 15 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10306