https://www.taxtmi.com/caselaws?id=802235 Environmental preservation expenditure is allowable in computing business income at the normal rate despite denial of charitable trust registration, where the assessee is treated as carrying on business. Section 37 of the Income-tax Act, 1961 governs qualifying expenditure incurred wholly and exclusively for business, while section 57 concerns expenditure for earning income from other sources. The claimed expenditure was supported by evidence, the books were not rejected, and the ad hoc disallowance lacked cogent reasons. en-us Thu, 29 Oct 2026 00:00:00 +0530 Tue, 03 Nov 2026 09:23:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802235 Environmental preservation expenditure is allowable in computing business income at the normal rate despite denial of charitable trust registration, where the assessee is treated as carrying on business. Section 37 of the Income-tax Act, 1961 governs qualifying expenditure incurred wholly and exclusively for business, while section 57 concerns expenditure for earning income from other sources. The claimed expenditure was supported by evidence, the books were not rejected, and the ad hoc disallowance lacked cogent reasons. Case-Laws Income Tax Thu, 29 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802235