Held that CSR expenditure on activities which are beneficial to its employees, community at large and the local area where it is situated, same is allowable as deduction; amendments made in the Companies Act as well as Expln. 2 to S. 37 are not applicable to the relevant Assessment year, 2014-15.(AY. 2014-15)
Hindustan Coca Cola Beverages (P) Ltd. v.AD.CIT (2025) 233 TTJ 777 / 170 taxmann.com 633/ 122 ITR 290 (Delhi)(Trib)
S.37(1): Business expenditure-Corporate Social Responsibility expenditure-Allowable as deduction. [37(2) Explanation.]
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