Shrigonda S. S. K. Ltd. vs Deputy Commissioner Of Income Tax on 18 September, 1998
17. The next grievance of the assessee is that the lower authorities are not justified in disallowing a sum of Rs. 50,000 on account of education fund. It is the common contention of both the sides that this issue stands covered in favour of the assessee and against the revenue by the judgment of the Bombay High Court in the case of Krishna SSK Ltd. (supra). Following the said judgment, we delete the addition.