https://www.taxtmi.com/caselaws?id=16217 An assessment completed under section 143(3) read with section 144B remained amenable to revision under section 263, and limitation ran from the date of the assessment order actually passed after completion of the 144B procedure, so the revision was within time. On deductibility, a contribution to an employees' welfare fund for workmen's benefit and a direct payment to employees for strike-free service were treated as expenditure incurred for business exigencies and labour welfare, and both amounts were held allowable as business expenditure under section 37. en-us Tue, 24 Feb 1998 00:00:00 +0530 Mon, 13 Jun 2016 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16217 An assessment completed under section 143(3) read with section 144B remained amenable to revision under section 263, and limitation ran from the date of the assessment order actually passed after completion of the 144B procedure, so the revision was within time. On deductibility, a contribution to an employees' welfare fund for workmen's benefit and a direct payment to employees for strike-free service were treated as expenditure incurred for business exigencies and labour welfare, and both amounts were held allowable as business expenditure under section 37. Case-Laws Income Tax Tue, 24 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16217