ITAT allows deduction of CSR expenses incurred by Toyota

Advertisement Toyota Boshoku Automotive India Private Limited Vs DCIT (ITAT Bangalore) M/S. Toyota Boshoku Automotive India Pvt. Ltd. (Appellant) filed an appeal against the Order dated March 19, 2018 by the Commissioner of Income Tax (Appeals) (CIT (A)) relating to the Assessment Year (AY) 2012-2013. The Appellant, during AY 2012-2013, paid a huge amount towards provision of toilet facilities in Government Schools where the children of employees of the Appellant were studying. While filing the returns for that year, the Appellant claimed the same amount as Corporate Social Responsibility (...