https://www.taxtmi.com/caselaws?id=374413 The Tribunal allowed the appeal, ruling that the amendment to Section 37(1) of the Income Tax Act, 1961, regarding the deductibility of Corporate Social Responsibility (CSR) expenditure is prospective and does not apply to the assessment year 2013-14. The revision order disallowing CSR expenses was overturned, emphasizing that such expenses are not deductible as they are not incurred for business purposes but as an application of income. The decision was made on 31-12-2018. en-us Mon, 31 Dec 2018 00:00:00 +0530 Fri, 01 Feb 2019 07:29:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374413 The Tribunal allowed the appeal, ruling that the amendment to Section 37(1) of the Income Tax Act, 1961, regarding the deductibility of Corporate Social Responsibility (CSR) expenditure is prospective and does not apply to the assessment year 2013-14. The revision order disallowing CSR expenses was overturned, emphasizing that such expenses are not deductible as they are not incurred for business purposes but as an application of income. The decision was made on 31-12-2018. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374413