https://www.taxtmi.com/caselaws?id=280498 The Tribunal ruled in favor of the assessee company in an appeal against the disallowance of contribution to society by the Assessing Officer. It held that the contribution was a legal obligation enforceable in law, deleting the disallowance. The Tribunal also determined that the contribution did not fall under section 40A(9) of the Income Tax Act and should be allowed under section 37(1) for the welfare of employees and business operations. Additionally, the Tribunal directed the Assessing Officer to treat the river bank embankment as a building for depreciation and reconsidered material facts overlooked in the initial decision. en-us Mon, 18 Aug 2014 00:00:00 +0530 Tue, 07 May 2019 23:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280498 The Tribunal ruled in favor of the assessee company in an appeal against the disallowance of contribution to society by the Assessing Officer. It held that the contribution was a legal obligation enforceable in law, deleting the disallowance. The Tribunal also determined that the contribution did not fall under section 40A(9) of the Income Tax Act and should be allowed under section 37(1) for the welfare of employees and business operations. Additionally, the Tribunal directed the Assessing Officer to treat the river bank embankment as a building for depreciation and reconsidered material facts overlooked in the initial decision. Case-Laws Income Tax Mon, 18 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280498