https://www.taxtmi.com/highlights?id=56128 Addition under the head SPV charges - Whether part of Corporate Social Responsibility (CSR) activity - sale proceeds of overburden dumps outside sanctioned lease areas - In our view contributing 10%/15% to SPV account on account of Category ‘A’/ ‘B’ respectively, would be application of income, and therefore should be considered as expenditure incurred for carrying out its business activity. - Provisions of Explanation 1 to sec.37 will not apply to these payments. - AT en-us Wed, 30 Dec 2020 11:32:50 +0530 Wed, 30 Dec 2020 11:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56128 Addition under the head SPV charges - Whether part of Corporate Social Responsibility (CSR) activity - sale proceeds of overburden dumps outside sanctioned lease areas - In our view contributing 10%/15% to SPV account on account of Category ‘A’/ ‘B’ respectively, would be application of income, and therefore should be considered as expenditure incurred for carrying out its business activity. - Provisions of Explanation 1 to sec.37 will not apply to these payments. - AT Highlights Income Tax Wed, 30 Dec 2020 11:32:50 +0530 https://www.taxtmi.com/highlights?id=56128