https://www.taxtmi.com/caselaws?id=293502 The Appellate Tribunal allowed the appeal of the assessee concerning the disallowance of Corporate Social Responsibility Expenses. The expenses were considered to be incurred wholly and exclusively for the purpose of business under Section 37(1) of the Income Tax Act, 1961, as they promoted sustainability and environmentally friendly practices in the canmaking industry. The Tribunal emphasized the importance of such expenses and referred to a previous judgment supporting the allowance of similar expenses. The decision regarding the disallowance of sales promotions expenses was not extensively discussed in the judgment. en-us Wed, 21 Aug 2019 00:00:00 +0530 Sat, 13 Feb 2021 15:01:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293502 The Appellate Tribunal allowed the appeal of the assessee concerning the disallowance of Corporate Social Responsibility Expenses. The expenses were considered to be incurred wholly and exclusively for the purpose of business under Section 37(1) of the Income Tax Act, 1961, as they promoted sustainability and environmentally friendly practices in the canmaking industry. The Tribunal emphasized the importance of such expenses and referred to a previous judgment supporting the allowance of similar expenses. The decision regarding the disallowance of sales promotions expenses was not extensively discussed in the judgment. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293502