https://www.taxtmi.com/caselaws?id=470453 Contributions to Udyog Bandhu that are incidental to an assessee's business fall within the statutory allowance for business expenditure. Prior decisions concerning materially identical contributions govern the issue, supporting deduction of the contribution as revenue business expenditure. The contribution was therefore treated as allowable business expenditure in favour of the assessee. en-us Mon, 03 Sep 2012 00:00:00 +0530 Tue, 28 Jul 2026 15:39:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470453 Contributions to Udyog Bandhu that are incidental to an assessee's business fall within the statutory allowance for business expenditure. Prior decisions concerning materially identical contributions govern the issue, supporting deduction of the contribution as revenue business expenditure. The contribution was therefore treated as allowable business expenditure in favour of the assessee. Case-Laws Income Tax Mon, 03 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470453