Bombay High Court’s Judgement on Section 40A(9) of the Income Tax Act: PCIT vs State Bank Of India

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)


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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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