https://www.taxtmi.com/caselaws?id=443608 The HC upheld the Tribunal's decision, dismissing the appeal regarding the disallowance of CSR expenses and Section 14A. The court confirmed that CSR expenses are not capital in nature and should not be disallowed, aligning with prior judgments. Regarding Section 14A, the HC emphasized the necessity for the AO to record satisfaction about the correctness of the assessee's claim. The AO's failure to do so rendered the disallowance unsustainable, thus the court ruled in favor of the respondent/assessee. en-us Tue, 26 Sep 2023 00:00:00 +0530 Wed, 13 Dec 2023 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443608 The HC upheld the Tribunal's decision, dismissing the appeal regarding the disallowance of CSR expenses and Section 14A. The court confirmed that CSR expenses are not capital in nature and should not be disallowed, aligning with prior judgments. Regarding Section 14A, the HC emphasized the necessity for the AO to record satisfaction about the correctness of the assessee's claim. The AO's failure to do so rendered the disallowance unsustainable, thus the court ruled in favor of the respondent/assessee. Case-Laws Income Tax Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443608