Held that no basis for excluding expenditure on corporate social responsibility for determining book profits. Book profits to be determined as per accounts maintained in accordance with law Income-tax Act.(AY. 2016-17)
PCIT v. Sony India Pvt. Ltd [2024] 167 taxmann.com 549 ( /(2025) 477 ITR 576 (Delhi)(HC)
S. 115JB : Company-Book profit -Expenditure towards corporate social responsibility-No basis for excluding expenditure on corporate social responsibility for determining book profits-Book profits to be determined as per accounts maintained in accordance with law Income-tax Act.
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