Corporate Social Responsibility (CSR) expenditure u/s 37 - ...

Corporate Social Responsibility expenses are allowable as revenue expenditure; Supreme Court declines revenue's appeal.

January 4, 2024

Case Laws Income Tax SC

Corporate Social Responsibility (CSR) expenditure u/s 37 - allowable revenue expenditure or not? - ITAT allowed the claim, holding that, Explanation 2 inserted in Section 37(1) was prospective in nature - Supreme court refused to interfere into the matter - SLP of the revenue dismissed.

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Corporate Social Responsibility (CSR) expenditure u/s 37 - ...

Corporate Social Responsibility expenses are allowable as revenue expenditure; Supreme Court declines revenue's appeal.

January 4, 2024

Case Laws Income Tax SC

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