https://www.taxtmi.com/caselaws?id=383788 The Tribunal held that the appellant company was covered under Section 135(1) of the Companies Act, 2013, and required to constitute a CSR Committee due to its net profit exceeding the threshold. The calculation of net profit for CSR spending was determined to be based on profit before tax, not after tax as argued by the appellant. The company was directed to comply with CSR provisions and constitute a CSR Committee for the relevant financial year. The Tribunal allowed for the revision of financial statements or Board's report to include CSR information for the specified year. The appeal was disposed of with the appellant being partially liable for CSR obligations. en-us Mon, 01 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 04:34:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383788 The Tribunal held that the appellant company was covered under Section 135(1) of the Companies Act, 2013, and required to constitute a CSR Committee due to its net profit exceeding the threshold. The calculation of net profit for CSR spending was determined to be based on profit before tax, not after tax as argued by the appellant. The company was directed to comply with CSR provisions and constitute a CSR Committee for the relevant financial year. The Tribunal allowed for the revision of financial statements or Board's report to include CSR information for the specified year. The appeal was disposed of with the appellant being partially liable for CSR obligations. Case-Laws Companies Law Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383788