Held that payments made to Geleyara Balga and SC / ST welfare Association for the purpose of festival celebration and general Welfare of its employees. Allowable as deduction. Provision of section 40A(9) is not applicable. (AY. 2011-12)
Karnataka State Industrial Infrastructure Development Corporation Ltd. v. Dy. CIT (2021) 199 DTR 139 (Bang.)(Trib.)
S. 40A(9) : Expenses or payments not deductible-Bonus to employees-Payments to external agencies for employees welfare-Allowable as deduction u/s. 37(1) of the Act. [S. 37(1)]