https://www.taxtmi.com/caselaws?id=404079 The Tribunal allowed the appeal and deleted the disallowance of business expenditure under "Can-viroment Expenses A/c," emphasizing that expenses promoting sustainability in the canmaking industry can be considered wholly and exclusively for business purposes under Section 37(1) of the Income Tax Act. The Tribunal distinguished corporate social responsibility expenditure and upheld the appellant's argument that the expenses benefited the business by promoting environmentally friendly practices in metal packaging. en-us Thu, 17 Dec 2020 00:00:00 +0530 Sat, 13 Feb 2021 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404079 The Tribunal allowed the appeal and deleted the disallowance of business expenditure under "Can-viroment Expenses A/c," emphasizing that expenses promoting sustainability in the canmaking industry can be considered wholly and exclusively for business purposes under Section 37(1) of the Income Tax Act. The Tribunal distinguished corporate social responsibility expenditure and upheld the appellant's argument that the expenses benefited the business by promoting environmentally friendly practices in metal packaging. Case-Laws Income Tax Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404079