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2021 (9) TMI 554 - HC - Income TaxContribution made towards superannuation fund - Whether allowable business expenditure u/s 37? - Is not the finding of the Tribunal bad by directing the AO to allow expenditure under Section 37 when the assessee failed to obtain necessary approval from the competent authority viz., Principal Commissioner of Income Tax for the year under consideration and the deduction falls squarely within the ambit of Section 36(1)(iv) r/w. Section 40A(9)? - HELD THAT:- As decided in own case [2020 (10) TMI 798 - MADRAS HIGH COURT] similar question has been decided by the Division Bench of this Court on identical facts in the case of Commissioner of Income Tax v. Kattabomman Transport Corporation Limited [1998 (9) TMI 2 - MADRAS HIGH COURT] - Decided in favour of assessee.
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