Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (8) TMI 328 - AT - Income TaxDisallowance u/s 40A(9)- statutory payment versus voluntary payment - contribution amounting to Rs 16,77,170/- made by the assessee to MSWC Karmachari Welfare Fund - The assessment year 2002-03 and 2003-04, the issue involved is similar relating to the contribution made by the assessee to the MSW Karmachari Welfare Fund - Held that:- Service Regulations framed by the appellant Corporation for the terms and conditions of employment and services of their employees carry a statutory force. - contribution made by the appellant as an employer towards the Karmachari Welfare Fund falls within the expression "as required by or under any other law" for the purposes of section 40A(9) of the Act. As a consequence, such an amount is not disallowable in terms of section 40A(9) of the Act.
|