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2014 (1) TMI 251 - AT - Income TaxDisallowance u/s 40A(9) of the Act – Payment made to karamchari welfare fund – Held that:- Following Maharashtra State Warehousing Corpn. Versus ACIT [2011 (8) TMI 328 - ITAT, Pune] -The Service Regulations framed by the appellant Corporation for the terms and conditions of employment and services of their employees carry a statutory force - the Maharashtra State Warehousing Corporation (Staff) Service Regulations have been framed with the previous sanction of the Government of the Maharashtra in exercise of the powers conferred by section 42 of the Warehousing Corporation Act, 1962 (58 of 1962) – thus, the 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 – Order of the AO and CIT(A) set aside ant the AO is directed to allow the claim of deduction made by the assessee – Decided in faovur of Assessee.
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