https://www.taxtmi.com/caselaws?id=404747 The Tribunal allowed the appeal, determining that contributions to the Employees' Superannuation Fund and Gratuity Fund, administered by LIC, should be considered business expenditures. The disallowances by the AO and CIT(A) were deemed incorrect. Judicial precedents supporting deductibility of such contributions influenced the Tribunal's decision. en-us Thu, 25 Feb 2021 00:00:00 +0530 Tue, 02 Mar 2021 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404747 The Tribunal allowed the appeal, determining that contributions to the Employees' Superannuation Fund and Gratuity Fund, administered by LIC, should be considered business expenditures. The disallowances by the AO and CIT(A) were deemed incorrect. Judicial precedents supporting deductibility of such contributions influenced the Tribunal's decision. Case-Laws Income Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404747