CSR Expenses Before 2015-16 are Deductible Business Costs u/s 37(1) of the Income Tax Act.

CSR Expenses Before 2015-16 are Deductible Business Costs u/s 37(1) of the Income Tax Act. https://www.taxtmi.com/highlights?id=72495 CSR expenditure - whether a allowable business expenditure? - explanation to Section 37(1) of the Act would not be applicable as it was with effect from the assessment year 2015-16. - Tribunal was satisfied that the CSR expenditure incurred prior to the assessment year 2015-16 are allowable as business expenditure as the same are wholly and exclusively incurred for the purpose of business. - HC en-us Wed, 11 Oct 2023 12:35:22 +0530 Wed, 11 Oct 2023 12:35:22 +0530 TaxTMI RSS Generator CSR Expenses Before 2015-16 are Deductible Business Costs u/s 37(1) of the Income Tax Act. https://www.taxtmi.com/highlights?id=72495 CSR expenditure - whether a allowable business expenditure? - explanation to Section 37(1) of the Act would not be applicable as it was with effect from the assessment year 2015-16. - Tribunal was satisfied that the CSR expenditure incurred prior to the assessment year 2015-16 are allowable as business expenditure as the same are wholly and exclusively incurred for the purpose of business. - HC Highlights Income Tax Wed, 11 Oct 2023 12:35:22 +0530 https://www.taxtmi.com/highlights?id=72495