COURT: Bombay High Court
CORAM: Akil Kureshi J, S. J. Kathawallla J
SECTION(S): 40A(9)
GENRE: Domestic Tax
CATCH WORDS: business expenditure, disallowance
COUNSEL: Atul Jasani, Nitesh Joshi, P.J. Pardiwalla
DATE: June 18, 2019 (Date of pronouncement)
DATE: June 24, 2019 (Date of publication)
CITATION:
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Section 40A(9): The provision is not meant to hit genuine expenditure by an employer for the welfare and the benefit of the employees. Even contributions to unapproved and unrecognized funds have to be allowed as a deduction if they are genuine in nature.
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