2013 (2) TMI 627 - SCH - Income Tax

Deduction u/s 37(1) - welfare expenses towards providing education to its employees children & Payments to other educational institutions where the children of its employees were studying - held that - matter remanded back in view of earlier decision in Sandur Manganese & Iron Ores Ltd. Versus Commissioner of Income-tax 2012 (9) TMI 765 - SUPREME COURT . There is a difference between reim-bursement and contribution. If the Tribunal comes to the conclusion that the amount has been reimbursed, the quantified amount shall be certified by the chartered accountant of the assessee to enable the assessee to make a claim.

Summary

The Supreme Court of India remitted a civil appeal concerning the assessment year 1994-95 to the Income-tax Appellate Tribunal for de-novo consideration. The court emphasized the difference between reimbursement and contribution, instructing the quantified amount to be certified by the assessee's chartered accountant for making a claim. The impugned order was set aside, and the appeal was disposed of with no costs.