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2018 (4) TMI 335 - AT - Income TaxDisallowance of business expenses as Corporate Social Responsibility (CSR) expenses - scope of amendment - Held that:- The expenses to section 37 (1) was inserted w.e.f. 1st April, 2015 and cannot be construed as to disadvantage to the assessee in the period prior to this amendment. - Decided in favour of assessee Addition u/s 14A - Held that:- CIT(A) has given a clear finding that investments were made in earlier years out of the funds provided by the Govt. Of India. The Revenue has not furnished any material suggesting that the investment was out of borrowed funds. This ground of Revenue’s appeal is dismissed.
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