https://www.taxtmi.com/caselaws?id=39005 The court ruled against the assessee, a private limited company in bus transport, regarding the deductibility of a donation made to a political party under Section 37(1) of the Income-tax Act, 1961. The court found no evidence establishing a nexus between the donation and the business, determining that the donation did not confer any business advantage. Consequently, the court held that the donation did not qualify as an expenditure laid out wholly and exclusively for business purposes. The assessee was directed to pay costs to the Commissioner, including counsel's fee fixed at Rs. 500. en-us Tue, 15 Jun 1976 00:00:00 +0530 Mon, 12 Apr 2010 10:03:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39005 The court ruled against the assessee, a private limited company in bus transport, regarding the deductibility of a donation made to a political party under Section 37(1) of the Income-tax Act, 1961. The court found no evidence establishing a nexus between the donation and the business, determining that the donation did not confer any business advantage. Consequently, the court held that the donation did not qualify as an expenditure laid out wholly and exclusively for business purposes. The assessee was directed to pay costs to the Commissioner, including counsel's fee fixed at Rs. 500. Case-Laws Income Tax Tue, 15 Jun 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39005