Disallowance u/s 37(1) - contribution/donation to educational ...

Income Tax

August 29, 2019

Disallowance u/s 37(1) - contribution/donation to educational institutions, trust etc. - the disallowance under Explanation 2 to Section 37(1) comes into play only when expenses incurred for discharge of CSR as statutory obligation not on voluntary basis - the correct test should be of commercial expediency and not whether the payment was compulsory for the assessee to make or not - duly allowable

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Disallowance u/s 37(1) - contribution/donation to educational ...

Income Tax

August 29, 2019

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