Section 37 Relief Granted Because Payment Was Not Hit by Pre-2015 CSR Bar

Technocraft Industries (India) Ltd Vs ACIT (ITAT Mumbai) CSR-Related Contribution to Training Trust Allowed as Business Expenditure u/s 37(1) for Pre-2015 Years – ITAT Mumbai Follows Own Earlier Decision The Mumbai Bench of the ITAT allowed the appeals of Technocraft Industries (India) Ltd. for AYs 2012-13 and 2013-14, deleting the disallowance of ₹2.50 crore claimed as business expenditure under section 37(1). The amount was paid to Shanti Seva Nidhi, a trust imparting technical and vocational training closely linked to the assessee’s manufacturing activities and employee welfare. The T...