Assessee obligated to spend certain sums towards corporate social responsibility. There is obligation on the part of the assessee to give support to the people displaced due to setting up of industry on their lands. Such community development expenses and peripheral development expenses are allowable deduction. (AY .2004-05, 2008-09, 2011-12)
Rashtriya Ispat Nigam Ltd. v. Jt. CIT (OSD) (2018) 62 ITR 696 (Visakha)(Trib.)
S. 37(1) : Business expenditure – Corporate social responsibility – peripheral development expenses and community development expenses allowable.