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Income Tax - Highlights / Catch Notes

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Disallowance of business expenses as Corporate Social ...


Corporate Social Responsibility (CSR) expenses disallowed as business expenses u/s 37(1) from April 1, 2015.

April 7, 2018

Case Laws     Income Tax     AT

Disallowance of business expenses as Corporate Social Responsibility (CSR) expenses - 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. - AT

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