https://www.taxtmi.com/caselaws?id=467529 Contribution to the Cadre Fund was treated as allowable business expenditure because it represented the bank's share of salary cost for deputed cadre staff under a compulsory cooperative banking funding arrangement, and the disallowance was deleted. Provision for gratuity was also allowed where the claim was examined under section 40A(7) in the context of an approved gratuity fund, with the record indicating a pending approval process and no express rejection. Disallowances of other expenses were remanded for fresh verification after the assessee was given an opportunity to produce vouchers and supporting evidence. Set-off of brought forward business loss was likewise deferred pending disposal of the earlier year's appeal, resulting in partial relief. en-us Thu, 24 Oct 2019 00:00:00 +0530 Mon, 23 Mar 2026 18:30:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467529 Contribution to the Cadre Fund was treated as allowable business expenditure because it represented the bank's share of salary cost for deputed cadre staff under a compulsory cooperative banking funding arrangement, and the disallowance was deleted. Provision for gratuity was also allowed where the claim was examined under section 40A(7) in the context of an approved gratuity fund, with the record indicating a pending approval process and no express rejection. Disallowances of other expenses were remanded for fresh verification after the assessee was given an opportunity to produce vouchers and supporting evidence. Set-off of brought forward business loss was likewise deferred pending disposal of the earlier year's appeal, resulting in partial relief. Case-Laws Income Tax Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467529