https://www.taxtmi.com/caselaws?id=385586 The court held that the expenditure incurred by the appellant for constructing houses for villagers affected by natural calamity was for business purposes, considering commercial expediency and goodwill. The court allowed the appeals, set aside the Tribunal's order, and remitted the assessment proceedings to the assessing officer for further examination. The court found in favor of the appellant, emphasizing that contributions to public welfare funds directly connected to business operations are allowable deductions. en-us Wed, 31 Jul 2019 00:00:00 +0530 Tue, 19 Nov 2019 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385586 The court held that the expenditure incurred by the appellant for constructing houses for villagers affected by natural calamity was for business purposes, considering commercial expediency and goodwill. The court allowed the appeals, set aside the Tribunal's order, and remitted the assessment proceedings to the assessing officer for further examination. The court found in favor of the appellant, emphasizing that contributions to public welfare funds directly connected to business operations are allowable deductions. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385586