Grant-in-Aid to Schools Allowable u/s 37(1); Not Affected by Section 40A(9) as Business Expense.

Grant-in-Aid to Schools Allowable u/s 37(1); Not Affected by Section 40A(9) as Business Expense. https://www.taxtmi.com/highlights?id=47452 Expenditure toward the grant-in-aid to the school/institution - allowable u/s 37(1) as expenditure have been incurred for the purpose of business of the assessee i.e and was not towards contribution to any fund hence not hit by Section 40A(9) - allowable expenses en-us Tue, 25 Jun 2019 18:49:28 +0530 Tue, 25 Jun 2019 18:49:28 +0530 TaxTMI RSS Generator Grant-in-Aid to Schools Allowable u/s 37(1); Not Affected by Section 40A(9) as Business Expense. https://www.taxtmi.com/highlights?id=47452 Expenditure toward the grant-in-aid to the school/institution - allowable u/s 37(1) as expenditure have been incurred for the purpose of business of the assessee i.e and was not towards contribution to any fund hence not hit by Section 40A(9) - allowable expenses Highlights Income Tax Tue, 25 Jun 2019 18:49:28 +0530 https://www.taxtmi.com/highlights?id=47452