Addition of community development expenditure by observing that ...
Income Tax
December 2, 2022
Addition of community development expenditure by observing that this expenditure is not related to the business activity of the assessee - In assessee’s case has incurred expenditure to promote the interest of underprivileged and impaired section of society and to gain goodwill of the people living in the area of operation of the assessee. - Explanation 2 to section 37(1) is not applicable - Claim allowed - AT
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