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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Expenditure on CSR - Disallowance of 50 % of the expenditure on ...


50% Disallowance of Community Development Donations Challenged u/s 37(1) of Income Tax Act Pre-2014.

December 2, 2019

Case Laws     Income Tax     AT

Expenditure on CSR - Disallowance of 50 % of the expenditure on account of the community development donation expenses under section 37 (1) - We do not find this “just‟ reason for confirming the disallowance. - Prior to 1/4/2014 no such disallowance was provided in the law

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