https://www.taxtmi.com/caselaws?id=415781 The Tribunal allowed the appeal, granting the appellant a deduction under section 37 of the Income Tax Act for the 15% of sale proceeds retained by the monitoring committee. The Stay Application filed by the appellant was dismissed as it became infructuous. The Tribunal emphasized the compensatory nature of the payment and ruled that corporate social responsibility provisions did not apply to the appellant, a partnership firm. en-us Wed, 01 Dec 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415781 The Tribunal allowed the appeal, granting the appellant a deduction under section 37 of the Income Tax Act for the 15% of sale proceeds retained by the monitoring committee. The Stay Application filed by the appellant was dismissed as it became infructuous. The Tribunal emphasized the compensatory nature of the payment and ruled that corporate social responsibility provisions did not apply to the appellant, a partnership firm. Case-Laws Income Tax Wed, 01 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415781