https://www.taxtmi.com/caselaws?id=272775 Statutory dues paid before filing the return were treated as allowable, so the section 43B disallowance was deleted. A mandatory contribution to the Cooperative Education Fund was held to be a diversion of profits at source and an allowable business outgo, supported by consistency with earlier years. The section 14A disallowance was sustained only to the extent already restricted under Rule 8D, with no error found in the appellate computation. The assessee was also held entitled to the section 80P(2)(c) deduction of 50,000, and all revenue grounds failed. en-us Tue, 31 May 2011 00:00:00 +0530 Thu, 17 May 2018 14:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272775 Statutory dues paid before filing the return were treated as allowable, so the section 43B disallowance was deleted. A mandatory contribution to the Cooperative Education Fund was held to be a diversion of profits at source and an allowable business outgo, supported by consistency with earlier years. The section 14A disallowance was sustained only to the extent already restricted under Rule 8D, with no error found in the appellate computation. The assessee was also held entitled to the section 80P(2)(c) deduction of 50,000, and all revenue grounds failed. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272775