Co-operative Education Fund contribution from past profits denied as a deduction u/s 37(1) of Income Tax Act.

Co-operative Education Fund contribution from past profits denied as a deduction u/s 37(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=43904 Nature of payment - Business expenditure or appropriation of funds - claim for deduction being the contribution to Co-operative Education Fund - National Co-operative Union of India - Payment made out of profit of earlier years - Not allowed as deduction u/s 37(1) en-us Tue, 15 Jan 2019 12:03:30 +0530 Tue, 15 Jan 2019 11:55:13 +0530 TaxTMI RSS Generator Co-operative Education Fund contribution from past profits denied as a deduction u/s 37(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=43904 Nature of payment - Business expenditure or appropriation of funds - claim for deduction being the contribution to Co-operative Education Fund - National Co-operative Union of India - Payment made out of profit of earlier years - Not allowed as deduction u/s 37(1) Highlights Income Tax Tue, 15 Jan 2019 12:03:30 +0530 https://www.taxtmi.com/highlights?id=43904