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

Disallowance of Corporate Social Responsibility (CSR) and Sustainable Development (SD) expenses. Following the precedents established in the assessee's own cases and the case of PEC Ltd., it was held that the assessee company was obligated to incur CSR and SD expenses due to specific guidelines from the Government of India. Consequently, the expenditure incurred during the relevant assessment years of 2011-12 and 2012-13 was considered wholly and exclusively for the purposes of the assessee's business. Therefore, the deduction claimed by the assessee for both assessment years was deemed allowable, with the decision favoring the assessee.