Dismissing the appeal of the revenue the Tribunal held that ; Contribution to staff welfare fund was held to be allowable expenditure.( AY. 2004-05 , 2005 -06, 2008 -09)
ITO v. West Bengal Tourism Development Corporation Ltd. (2018) 61 ITR 728 (Kol) (Trib)
S.37(1): Business expenditure — Contribution to staff welfare fund was held to be allowable expenditure.