https://www.taxtmi.com/caselaws?id=361775 A contribution to the statutory Energy Conservation Fund was treated as deductible business expenditure because it had a direct nexus with the assessee's business and was made towards the statutory objects of energy efficiency and conservation. The payment, made to a fund constituted under the Energy Conservation Act for those purposes, was not hit by the principle of application of income. Following the consistent view taken in the assessee's earlier years and in the absence of any contrary binding precedent, the disallowance was held unsustainable and deleted. en-us Thu, 07 Jun 2018 00:00:00 +0530 Wed, 13 Jun 2018 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361775 A contribution to the statutory Energy Conservation Fund was treated as deductible business expenditure because it had a direct nexus with the assessee's business and was made towards the statutory objects of energy efficiency and conservation. The payment, made to a fund constituted under the Energy Conservation Act for those purposes, was not hit by the principle of application of income. Following the consistent view taken in the assessee's earlier years and in the absence of any contrary binding precedent, the disallowance was held unsustainable and deleted. Case-Laws Income Tax Thu, 07 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361775