Contribution made to National HVDC project on direction of Govt. to be allowed as deduction

INCOME TAX : Where assessee-company was deriving its income from generation and distribution of electricity and it claimed certain expenditure paid towards contribution to National HVDC Project as deduction under section 37(1), same was to be allowed as it was incurred in ordinary course of business of assessee and as a part of obligation to its consumers to develop electricity and further, said contribution was made on specific directions of Government of India

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