https://www.taxtmi.com/caselaws?id=361711 Contributions to the State Renewal Fund and the Energy Conservation Fund were treated as allowable business deductions because they served employee welfare, statutory obligations, and business expediency. Employees' PF and ESI contributions were also allowable where deposited before the due date for filing the return under section 139(1), even if paid later than the welfare statute deadlines. Publicity and advertisement expenditure was accepted as business-related promotion and awareness . The note reflects that such deductions were sustained where supported by business nexus, statutory connection, and binding precedent in the assessee's own case. en-us Mon, 19 Mar 2018 00:00:00 +0530 Tue, 12 Jun 2018 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361711 Contributions to the State Renewal Fund and the Energy Conservation Fund were treated as allowable business deductions because they served employee welfare, statutory obligations, and business expediency. Employees' PF and ESI contributions were also allowable where deposited before the due date for filing the return under section 139(1), even if paid later than the welfare statute deadlines. Publicity and advertisement expenditure was accepted as business-related promotion and awareness . The note reflects that such deductions were sustained where supported by business nexus, statutory connection, and binding precedent in the assessee's own case. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361711