https://www.taxtmi.com/caselaws?id=448097 Karnataka HC allowed business expense deduction under Section 37 of Income Tax Act for payment to Bellary Agenda Task Force (BATF) for infrastructure development. The court held the expenditure was wholly and exclusively for business purposes as road infrastructure was necessary for iron ore transportation. The contribution, made at Deputy Commissioner's behest, qualified under commercial expediency doctrine as it generated goodwill with local community and government authorities. The court emphasized commercial expediency is judged from assessee's perspective, not revenue's view. The 2014 amendment excluding CSR expenses from Section 37 was held inapplicable to assessment year 2010-11 due to prospective application from April 2015. en-us Tue, 12 Dec 2023 00:00:00 +0530 Wed, 10 Jan 2024 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448097 Karnataka HC allowed business expense deduction under Section 37 of Income Tax Act for payment to Bellary Agenda Task Force (BATF) for infrastructure development. The court held the expenditure was wholly and exclusively for business purposes as road infrastructure was necessary for iron ore transportation. The contribution, made at Deputy Commissioner's behest, qualified under commercial expediency doctrine as it generated goodwill with local community and government authorities. The court emphasized commercial expediency is judged from assessee's perspective, not revenue's view. The 2014 amendment excluding CSR expenses from Section 37 was held inapplicable to assessment year 2010-11 due to prospective application from April 2015. Case-Laws Income Tax Tue, 12 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448097