https://www.taxtmi.com/caselaws?id=430558 The High Court upheld the Tribunal's decision to allow the assessee's appeal regarding Corporate Social Responsibility (CSR) expenses, emphasizing legal obligations, policy compliance, and evolving business concepts related to social responsibilities. The judgment dismissed the revenue's appeal and affirmed that CSR expenses should be considered allowable deductions under Section 37 of the Income Tax Act, highlighting the commercial expediency test and the availability of material during assessment to support such deductions. en-us Wed, 16 Nov 2022 00:00:00 +0530 Mon, 16 Jan 2023 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430558 The High Court upheld the Tribunal's decision to allow the assessee's appeal regarding Corporate Social Responsibility (CSR) expenses, emphasizing legal obligations, policy compliance, and evolving business concepts related to social responsibilities. The judgment dismissed the revenue's appeal and affirmed that CSR expenses should be considered allowable deductions under Section 37 of the Income Tax Act, highlighting the commercial expediency test and the availability of material during assessment to support such deductions. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430558