https://www.taxtmi.com/highlights?id=64089 Disallowance of Corporate Social Responsibility (CSR) expenses u/s 37(1) - prior to insertion of Explanation – 2 to section 37(1) of the Act, w.e.f., 01.04.2014, as per settled legal position, it is an allowable expenditure under Section 37(1). A specific bar for allowing such expenditure u/s 37(1) of the Act was brought to the statue by Finance Act, 2014 effective from 01.04.2014. The amendment, no doubt, will apply prospectively. - AT en-us Thu, 16 Jun 2022 09:14:29 +0530 Thu, 16 Jun 2022 09:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64089 Disallowance of Corporate Social Responsibility (CSR) expenses u/s 37(1) - prior to insertion of Explanation – 2 to section 37(1) of the Act, w.e.f., 01.04.2014, as per settled legal position, it is an allowable expenditure under Section 37(1). A specific bar for allowing such expenditure u/s 37(1) of the Act was brought to the statue by Finance Act, 2014 effective from 01.04.2014. The amendment, no doubt, will apply prospectively. - AT Highlights Income Tax Thu, 16 Jun 2022 09:14:29 +0530 https://www.taxtmi.com/highlights?id=64089