Hindustan Unilever Ltd. v. Dy. CIT (2024) 232 TTJ 861 / 38 NYPTTJ 1420 (Mum)(Trib)

S.37(1): Business expenditure-Relief material given to Tsunami victims-Not allowable as business expenditure.

Held that the assessee having voluntarily distributed relief materials to the victims of Tsunami, it is only an act of genuine philanthropy; expenditure incurred thereon cannot be said to have been laid out wholly and exclusively for the purposes of business and, therefore, the cost of said relief materials is not allowable as business expenditure.(AY. 2005-06)

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