https://www.taxtmi.com/caselaws?id=378583 The Tribunal allowed the appeals for both Assessment Years 2014-15 and 2015-16, ruling that deductions towards Contractors Benevolent Fund were allowable under section 37(1) of the Income Tax Act. The disallowances of claimed expenditures towards CBF were deleted as the Tribunal found that the contributions made by the Government were wholly and exclusively in connection with the assessee's business activities. en-us Tue, 16 Apr 2019 00:00:00 +0530 Thu, 18 Apr 2019 08:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378583 The Tribunal allowed the appeals for both Assessment Years 2014-15 and 2015-16, ruling that deductions towards Contractors Benevolent Fund were allowable under section 37(1) of the Income Tax Act. The disallowances of claimed expenditures towards CBF were deleted as the Tribunal found that the contributions made by the Government were wholly and exclusively in connection with the assessee's business activities. Case-Laws Income Tax Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378583