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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - CSR expenses - admissibility as the deduction ...

Case Laws     Income Tax

April 19, 2024

Revision u/s 263 - CSR expenses - admissibility as the deduction u/s 37(1) - The High Court concurred with the findings of the ITAT that the assessing officer had adequately inquired into the CSR expenses. It affirmed that the expenses were legitimately claimed by the respondent and were not erroneous. The Court emphasized that no substantial question of law arose in this factual matter, leading to the dismissal of the appeal.

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