https://www.taxtmi.com/caselaws?id=17415 A compulsory statutory contribution to a co-operative sugar factory's education fund was held deductible as business expenditure because it arose directly from the assessee's business of crushing sugarcane and running the factory. The payment was not treated as a voluntary outlay but as a levy intrinsically connected with business operations, satisfying the requirement that expenditure be laid out wholly and exclusively for business purposes under section 37(1) of the Income-tax Act, 1961. The contrary view of the Tribunal was rejected, and the contribution was allowed in computing business income. en-us Thu, 17 Jul 1997 00:00:00 +0530 Tue, 22 Sep 2009 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17415 A compulsory statutory contribution to a co-operative sugar factory's education fund was held deductible as business expenditure because it arose directly from the assessee's business of crushing sugarcane and running the factory. The payment was not treated as a voluntary outlay but as a levy intrinsically connected with business operations, satisfying the requirement that expenditure be laid out wholly and exclusively for business purposes under section 37(1) of the Income-tax Act, 1961. The contrary view of the Tribunal was rejected, and the contribution was allowed in computing business income. Case-Laws Income Tax Thu, 17 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17415