https://www.taxtmi.com/caselaws?id=412209 Contribution made towards a superannuation fund was treated as business expenditure allowable under section 37 of the Income-tax Act, 1961, where the payment was made pursuant to governmental direction and formed part of the cost of obtaining employee services. The restrictive disallowance in section 36(1)(iv) read with section 40A(9) was not applied on these facts, because the remittance was not shown to be a contribution to a recognised provident fund or approved superannuation fund structured for employer control or tax avoidance. The revenue's challenge therefore failed, and the deduction was allowed. en-us Mon, 23 Aug 2021 00:00:00 +0530 Mon, 13 Sep 2021 09:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412209 Contribution made towards a superannuation fund was treated as business expenditure allowable under section 37 of the Income-tax Act, 1961, where the payment was made pursuant to governmental direction and formed part of the cost of obtaining employee services. The restrictive disallowance in section 36(1)(iv) read with section 40A(9) was not applied on these facts, because the remittance was not shown to be a contribution to a recognised provident fund or approved superannuation fund structured for employer control or tax avoidance. The revenue's challenge therefore failed, and the deduction was allowed. Case-Laws Income Tax Mon, 23 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412209