CSR Expenses Allowed as Deductible Business Expenses u/s 37, ITAT Affirms Assessee's Appeal on Rehabilitation Costs.

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....Corporate Social Responsibility (CSR) expenses - Allowable business expenses u/s 37 - it is clearly seen that there is an obligation on the respondent/assessee to fulfil such responsibility which is not only to take care of his employees but also to rehabilitate the entire area where operations are being carried on by the respective public sector undertaking. - ITAT rightly allowed the assessee’s appeal - HC....