CSR expenditure - whether a allowable business expenditure? - ...

CSR Expenses Before 2015-16 are Deductible Business Costs u/s 37(1) of the Income Tax Act.

October 11, 2023

Case Laws Income Tax HC

CSR expenditure - whether a allowable business expenditure? - explanation to Section 37(1) of the Act would not be applicable as it was with effect from the assessment year 2015-16. - Tribunal was satisfied that the CSR expenditure incurred prior to the assessment year 2015-16 are allowable as business expenditure as the same are wholly and exclusively incurred for the purpose of business. - HC

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CSR expenditure - whether a allowable business expenditure? - ...

CSR Expenses Before 2015-16 are Deductible Business Costs u/s 37(1) of the Income Tax Act.

October 11, 2023

Case Laws Income Tax HC

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