https://www.taxtmi.com/caselaws?id=431642 The Court upheld the Tribunal's decision, ruling that expenses related to Corporate Social Responsibility (CSR) activities are not deductible under Section 37 of the Income Tax Act, 1961. The Court emphasized the prospective nature of the amendment and the conditions for claiming deductions under this section. The appeals were decided in favor of the respondents/assessees, with the deduction for CSR expenses under Section 37(1) being upheld. en-us Tue, 29 Nov 2022 00:00:00 +0530 Mon, 27 Feb 2023 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431642 The Court upheld the Tribunal's decision, ruling that expenses related to Corporate Social Responsibility (CSR) activities are not deductible under Section 37 of the Income Tax Act, 1961. The Court emphasized the prospective nature of the amendment and the conditions for claiming deductions under this section. The appeals were decided in favor of the respondents/assessees, with the deduction for CSR expenses under Section 37(1) being upheld. Case-Laws Income Tax Tue, 29 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431642