https://www.taxtmi.com/caselaws?id=777661 ITAT allowed the assessee's contributions to the Core Settlement Guarantee Fund as deductible business expenditure for the years in dispute. The Tribunal observed the issue was no longer res integra and relied on a coordinate-bench decision favoring a contributor (the exchange) which had similarly claimed such contributions as business expenditure. Accordingly, the disallowance by the assessing officer was overturned and the claim was held allowable in favour of the assessee for both years. en-us Fri, 10 Jan 2025 00:00:00 +0530 Mon, 01 Sep 2025 15:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777661 ITAT allowed the assessee's contributions to the Core Settlement Guarantee Fund as deductible business expenditure for the years in dispute. The Tribunal observed the issue was no longer res integra and relied on a coordinate-bench decision favoring a contributor (the exchange) which had similarly claimed such contributions as business expenditure. Accordingly, the disallowance by the assessing officer was overturned and the claim was held allowable in favour of the assessee for both years. Case-Laws Income Tax Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777661