https://www.taxtmi.com/caselaws?id=31194 The Court upheld the ITAT's decision regarding the addition for car expenses in the hands of the Company, emphasizing that the amount paid for labourers' welfare did not constitute the Company's income but a liability. The Court dismissed the appeal, citing precedents and affirming that the unspent amount was not income but a liability. In the second issue, the Court found that the unutilized contract receipts collected for a labour welfare fund were intended for welfare activities and upheld the ITAT's decision to delete the addition, as the amount was to be utilized for the designated purpose. The appeals were dismissed as no substantial question of law remained. en-us Fri, 29 Feb 2008 00:00:00 +0530 Wed, 22 Oct 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31194 The Court upheld the ITAT's decision regarding the addition for car expenses in the hands of the Company, emphasizing that the amount paid for labourers' welfare did not constitute the Company's income but a liability. The Court dismissed the appeal, citing precedents and affirming that the unspent amount was not income but a liability. In the second issue, the Court found that the unutilized contract receipts collected for a labour welfare fund were intended for welfare activities and upheld the ITAT's decision to delete the addition, as the amount was to be utilized for the designated purpose. The appeals were dismissed as no substantial question of law remained. Case-Laws Income Tax Fri, 29 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31194