https://www.taxtmi.com/caselaws?id=416951 The Tribunal allowed the appeal of the assessee and directed the AO to delete the disallowance of Rs. 11,24,000/- towards Economic Social and Economic Development of the Society. The Tribunal held that such expenditures, incurred for social responsibility activities that indirectly facilitate business operations and enhance goodwill, can be considered as business expenses under Section 37 of the Income Tax Act. en-us Tue, 04 Jan 2022 00:00:00 +0530 Fri, 09 Sep 2022 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416951 The Tribunal allowed the appeal of the assessee and directed the AO to delete the disallowance of Rs. 11,24,000/- towards Economic Social and Economic Development of the Society. The Tribunal held that such expenditures, incurred for social responsibility activities that indirectly facilitate business operations and enhance goodwill, can be considered as business expenses under Section 37 of the Income Tax Act. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416951