https://www.taxtmi.com/caselaws?id=385099 The High Court upheld the ITAT's decision, allowing the expenditures under Section 37(1) as they were incurred wholly and exclusively for business purposes. The court dismissed the Revenue's appeal, emphasizing the principle of commercial expediency and the evolving concept of business, which includes CSR activities. The Tax Appeal was dismissed, affirming that the expenditures incurred by the assessee for CSR activities were allowable under Section 37(1) of the Income Tax Act, 1961. en-us Tue, 16 Jul 2019 00:00:00 +0530 Mon, 22 Jun 2020 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385099 The High Court upheld the ITAT's decision, allowing the expenditures under Section 37(1) as they were incurred wholly and exclusively for business purposes. The court dismissed the Revenue's appeal, emphasizing the principle of commercial expediency and the evolving concept of business, which includes CSR activities. The Tax Appeal was dismissed, affirming that the expenditures incurred by the assessee for CSR activities were allowable under Section 37(1) of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385099