Social Welfare Expenditure for Flood Victims' Housing is Deductible u/s 37(1) of the Income Tax Act.

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Full Text of the Document

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....Disallowing social welfare expenditure - expenditure incurred under the head Social Welfare Expenditure for construction of houses to flood victims is in the nature of expenditure incurred wholly and exclusively for the purpose of business and deductible u/s 37(1) - AT....