Court held that the Tribunal had verified the facts and figures and held that the contribution effected was to an “approved fund” and that the transportation of the employees would otherwise have had to be undertaken by the assessee-company, in terms of the service conditions. No substantial question of law. (AY. 1997-98)
CIT v. Apollo Tyres Ltd. (No. 4) (2019) 416 ITR 564 (Ker.)(HC)
S. 37(1) : Business expenditure-Contribution to Employees welfare Trust–Allowable as business expenditure. [S. 36(1)(iv), 36(1)(v), 40A(9)]