Disallowance of Corporate Social Responsibility (CSR) expenses ...

Case Laws Income Tax

June 16, 2022

Disallowance of Corporate Social Responsibility (CSR) expenses u/s 37(1) - prior to insertion of Explanation – 2 to section 37(1) of the Act, w.e.f., 01.04.2014, as per settled legal position, it is an allowable expenditure under Section 37(1). A specific bar for allowing such expenditure u/s 37(1) of the Act was brought to the statue by Finance Act, 2014 effective from 01.04.2014. The amendment, no doubt, will apply prospectively. - AT

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Disallowance of Corporate Social Responsibility (CSR) expenses ...

Case Laws Income Tax

June 16, 2022

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