CSR Expenditure Deductible u/s 37(1) of Income Tax Act: Delhi HC [Read Order]

ITAT - CSR - Expenditure – Community - Development - Environment - Health - Safety – Expenses - TAXSCAN

 The Delhi High Court has held that the Corporate Social Responsibility (CSR) could be deducted under Section 37(1) of the Income Tax Act 1961. In the instant case, an appeal was filed by the revenue challenging the order of Income Tax Appellate Tribunal. Puneet Rai, who appeared for the revenue contended that the expenditure incurred…

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