Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2013 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 540 - ALLAHABAD HIGH COURTDeduction u/s 37(1) - contribution made to M.S. Udyog Bandhu and payment made to H.B.T.I. - nature of expenses - wholly and exclusively for the assessee's business - held that:- setting up of the Park would promote the business of the appellant because with more entrepreneurs setting up businesses in the State, the role of the appellant would become significant for providing them the necessary finance. The appeal is concluded by findings of fact. No substantial question arises for consideration in this appeal.The deduction was clearly permissible under Section 37(1) of the Act, 1961. - Decided in favor of assessee.
|