{"id":62501,"date":"2026-07-22T19:54:33","date_gmt":"2026-07-22T14:24:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/housing-urban-development-corporation-ltd-v-dcit-2025-128-itr-387-delhi-trib-3\/"},"modified":"2026-07-22T19:54:33","modified_gmt":"2026-07-22T14:24:33","slug":"housing-urban-development-corporation-ltd-v-dcit-2025-128-itr-387-delhi-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/housing-urban-development-corporation-ltd-v-dcit-2025-128-itr-387-delhi-trib-3\/","title":{"rendered":"Housing &#038; Urban Development Corporation Ltd. v. DCIT [2025] 128 ITR 387 (Delhi) (Trib.)"},"content":{"rendered":"<p>Assessee-company, engaged in providing long-term finance for the development of housing and infrastructure, incurred CSR expenditure pursuant to directions issued by the Department of Public Enterprises. Assessing Officer disallowed the expenditure on the ground that it was not incurred wholly and exclusively for business purposes.<\/p>\n<p>Explanation 2 to section 37(1), inserted by Finance (No. 2) Act, 2014 with effect from 01.04.2015, specifically disallows CSR expenditure. However, said amendment is prospective in operation. Since expenditure was incurred in years prior to assessment year 2015-16 and was incurred pursuant to regulatory mandate, the same was allowable as business expenditure under section 37(1). (AY. 2012-13, 2014-15, 2015-16)\u00a0\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure -Corporate Social Responsibility (CSR) expenditure-Assessment years prior to 01.04.2015-Allowable as deduction. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62501","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gg5","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=62501"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62501\/revisions"}],"predecessor-version":[{"id":62502,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62501\/revisions\/62502"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}