https://www.taxtmi.com/caselaws?id=394952 The High Court upheld the deductions allowed by the Tribunal for both the contribution to the National HVDC Project and the Provident Fund, dismissing the Revenue's appeal and affirming the impugned order. The Court emphasized that the contributions were necessary for the business and incurred in the ordinary course of business, as per relevant statutory provisions. Additionally, the Court found no illegality in the Provident Fund payment arrangement and ruled in favor of the assessee, stating that the deduction was admissible based on the applicable regulations and past judicial decisions. en-us Tue, 21 Jan 2020 00:00:00 +0530 Thu, 24 Dec 2020 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394952 The High Court upheld the deductions allowed by the Tribunal for both the contribution to the National HVDC Project and the Provident Fund, dismissing the Revenue's appeal and affirming the impugned order. The Court emphasized that the contributions were necessary for the business and incurred in the ordinary course of business, as per relevant statutory provisions. Additionally, the Court found no illegality in the Provident Fund payment arrangement and ruled in favor of the assessee, stating that the deduction was admissible based on the applicable regulations and past judicial decisions. Case-Laws Income Tax Tue, 21 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394952