<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>CSR Expenses for Company Branding Recognized as Allowable Revenue Expenditures for Tax Purposes.</title>
    <link>https://www.taxtmi.com/highlights?id=54581</link>
    <description>Disallowance of expenses incurred on corporate social responsibility (“CSR”) - expenditure incurred towards display of name/logo of the assessee on various items is undoubtedly for the promotion of the business of the assessee as it promotes goodwill. Hence, the expenditure is to be allowed as revenue expenditure. - AT</description>
    <language>en-us</language>
    <pubDate>Wed, 02 Sep 2020 12:53:24 +0530</pubDate>
    <lastBuildDate>Wed, 02 Sep 2020 12:53:24 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=621250" rel="self" type="application/rss+xml"/>
    <item>
      <title>CSR Expenses for Company Branding Recognized as Allowable Revenue Expenditures for Tax Purposes.</title>
      <link>https://www.taxtmi.com/highlights?id=54581</link>
      <description>Disallowance of expenses incurred on corporate social responsibility (“CSR”) - expenditure incurred towards display of name/logo of the assessee on various items is undoubtedly for the promotion of the business of the assessee as it promotes goodwill. Hence, the expenditure is to be allowed as revenue expenditure. - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Wed, 02 Sep 2020 12:53:24 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=54581</guid>
    </item>
  </channel>
</rss>