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2020 (4) TMI 232 - HC - Income TaxDisallowance of contribution to Energy Conservation Fund - HELD THAT:- Contribution towards fund is connected with the business and is not diversion of Income and allowable u/s.37(1) Contribution towards provident fund - HELD THAT:- It is not in dispute that this Court in Commissioner of Income Tax vs. M/s. State Bank of Bikaner and Jaipur [2014 (5) TMI 222 - RAJASTHAN HIGH COURT]binds and covers the dispute against the revenue. However, the learned counsel for the revenue informs that the Special leave to Petition filed by the revenue against the aforesaid judgement is pending before the Supreme Court. Even though these questions with respect to interpretation of Section 43B of the Act were answered against the revenue, but they are subject to the final order of the Supreme Court on these questions.
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