Held, that Explanation 2 to section 37 of the Act, put a restriction on deductibility of expenditure of any kind referred to under section 135 of the 2013 Act, i. e., corporate social responsibility expenses, with effect from the assessment year 2015-16. The corporate social responsibility expenses had been incurred by the assessee as per mandate of section 135 of the 2013 Act. Therefore, the assessee is not entitled to deduction and the findings of the Commissioner (Appeals) were upheld. As regards qualified Institutional placement expenses,matter is remanded  for verification.     (AY. 2015-16 to 2017-18)