https://www.taxtmi.com/caselaws?id=294398 Employee welfare contributions, statutory business outgoings, and expenses yielding a demonstrable business advantage were treated as allowable deductions. Contributions to the State Renewal Fund and energy conservation fund were upheld as business-related expenditure, and employees' PF and ESI contributions deposited before the return-filing due date were not disallowed. The Tribunal also allowed the Rajasthan Bhawan contribution and prior period expenditure, while sending the publicity and advertisement claim back for verification and remitting the section 80-IA computation for fresh examination of receipts and common indirect expense allocation on a rational turnover basis. en-us Mon, 10 Dec 2018 00:00:00 +0530 Sun, 11 Apr 2021 11:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294398 Employee welfare contributions, statutory business outgoings, and expenses yielding a demonstrable business advantage were treated as allowable deductions. Contributions to the State Renewal Fund and energy conservation fund were upheld as business-related expenditure, and employees' PF and ESI contributions deposited before the return-filing due date were not disallowed. The Tribunal also allowed the Rajasthan Bhawan contribution and prior period expenditure, while sending the publicity and advertisement claim back for verification and remitting the section 80-IA computation for fresh examination of receipts and common indirect expense allocation on a rational turnover basis. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294398