Disallowance of socio-economic expense u/s 37 - besides ...

Socio-economic expenses for driver education and community health u/s 37 approved as business deductions for assessee company.

August 7, 2020

Case Laws Income Tax AT

Disallowance of socio-economic expense u/s 37 - besides educating the drivers about such disease and the consequent health hazards, what the assessee company is also trying to do is protect the local inhabitants, who are staying in the vicinity of various road highways stretches developed and operated by it, from the floating population of drivers who are prone to such diseases and build a more conducive and healthy environment for smooth functioning of road stretches and has thus established a necessary nexus with its business activities. - Expenses allowed. - AT

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Disallowance of socio-economic expense u/s 37 - besides ...

Socio-economic expenses for driver education and community health u/s 37 approved as business deductions for assessee company.

August 7, 2020

Case Laws Income Tax AT

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