https://www.taxtmi.com/caselaws?id=297856 The ITAT upheld the CIT (A)'s decision to allow the contribution to 'Sparsh Trust' as a business expenditure under section 37(1), emphasizing its direct link to improving milk quality for the business. The ITAT set aside the disallowance of contribution to the rehabilitation fund for fresh consideration by the Assessing Officer, noting the establishment of a separate Rehabilitation Trust under section 12AA. The Revenue's appeal on 'Sparsh Trust' contribution was dismissed, and the assessee's appeal on the rehabilitation fund disallowance was allowed for statistical purposes, emphasizing the importance of establishing a direct business nexus for expenditure claims and compliance with relevant legal provisions. en-us Fri, 17 Jul 2015 00:00:00 +0530 Sat, 25 Sep 2021 09:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297856 The ITAT upheld the CIT (A)'s decision to allow the contribution to 'Sparsh Trust' as a business expenditure under section 37(1), emphasizing its direct link to improving milk quality for the business. The ITAT set aside the disallowance of contribution to the rehabilitation fund for fresh consideration by the Assessing Officer, noting the establishment of a separate Rehabilitation Trust under section 12AA. The Revenue's appeal on 'Sparsh Trust' contribution was dismissed, and the assessee's appeal on the rehabilitation fund disallowance was allowed for statistical purposes, emphasizing the importance of establishing a direct business nexus for expenditure claims and compliance with relevant legal provisions. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297856