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2021 (8) TMI 1186 - AT - Income TaxDisallowance of CSR expenses - allowable revenue expenditure or not? - Assessee argued that expediture incurred under the directions of BPE Govt. of India requiring Companies to spend a prescribed percentage of its profits on CSR and now also made mandatory under the Companies Act - HELD THAT:- As decided in own case [2018 (11) TMI 1717 - ITAT DELHI] and [2018 (4) TMI 1664 - ITAT DELHI] issue in dispute is squarely covered in favour of the assessee - thus direct the Assessing Officer to allow the assessee’s claim for expenditure on account of Corporate Social Responsibility. - Decided in favour of assessee. Allowable business expenditure - expenses on tree plantation etc u/s 37 - HELD THAT:- As decided in own case expenses incurred as wholly and exclusively for the purpose of the business. Thus, the expenses incurred in the year under consideration are also eligible for deduction under section 37 of the Act.- Decided in favour of assessee.
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