https://www.taxtmi.com/caselaws?id=416095 The Tribunal allowed the appeal of the assessee for statistical purposes and dismissed the revenue's appeal, remanding the provision issue for fresh assessment. The judgment clarified the treatment of Corporate Social Responsibility (CSR) expenses, distinguishing between actual expenses and provisions, emphasizing the prospective application of tax provisions. The decision underscored the importance of verifying the nature of provisions to determine their deductibility, ensuring compliance with tax laws. en-us Wed, 17 Nov 2021 00:00:00 +0530 Mon, 20 Dec 2021 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416095 The Tribunal allowed the appeal of the assessee for statistical purposes and dismissed the revenue's appeal, remanding the provision issue for fresh assessment. The judgment clarified the treatment of Corporate Social Responsibility (CSR) expenses, distinguishing between actual expenses and provisions, emphasizing the prospective application of tax provisions. The decision underscored the importance of verifying the nature of provisions to determine their deductibility, ensuring compliance with tax laws. Case-Laws Income Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416095