https://www.taxtmi.com/caselaws?id=758272 ITAT Ranchi allowed assessee's claim for deduction of CSR and Sustainable Development expenses for assessment years 2011-12 and 2012-13. The tribunal held that expenditure was incurred wholly and exclusively for business purposes, as the company was obligated to incur such expenses under specific Government of India guidelines. The decision followed precedents from assessee's own case and PEC Ltd. case from Delhi HC, ruling in favor of the assessee. en-us Wed, 03 Jul 2024 00:00:00 +0530 Tue, 10 Sep 2024 08:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758272 ITAT Ranchi allowed assessee's claim for deduction of CSR and Sustainable Development expenses for assessment years 2011-12 and 2012-13. The tribunal held that expenditure was incurred wholly and exclusively for business purposes, as the company was obligated to incur such expenses under specific Government of India guidelines. The decision followed precedents from assessee's own case and PEC Ltd. case from Delhi HC, ruling in favor of the assessee. Case-Laws Income Tax Wed, 03 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758272