https://www.taxtmi.com/caselaws?id=361725 The Tribunal allowed the appeal filed by the Government Undertaking, holding that the deduction of Corporate Social Responsibility (CSR) expenses by the Assessing Officer was reasonable and not prejudicial to the Revenue's interest. The Tribunal also ruled that the Explanation 2 to section 37(1) of the Income Tax Act did not apply to the relevant assessment year, allowing the CSR expenses as a deduction under section 37. Additionally, the Tribunal found that the CSR expenses incurred by the Government Undertaking based on specific Government directions were allowable as a deduction under section 37. en-us Mon, 11 Jun 2018 00:00:00 +0530 Wed, 29 Aug 2018 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361725 The Tribunal allowed the appeal filed by the Government Undertaking, holding that the deduction of Corporate Social Responsibility (CSR) expenses by the Assessing Officer was reasonable and not prejudicial to the Revenue's interest. The Tribunal also ruled that the Explanation 2 to section 37(1) of the Income Tax Act did not apply to the relevant assessment year, allowing the CSR expenses as a deduction under section 37. Additionally, the Tribunal found that the CSR expenses incurred by the Government Undertaking based on specific Government directions were allowable as a deduction under section 37. Case-Laws Income Tax Mon, 11 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361725