CSR expenditure towards education is allowable deduction u/s 37

XINDIA Steels Ltd. Vs ACIT (ITAT Bangalore) CSR expenditure, for the benefit of public towards education expenses to the schools/villages surrounding the factory of children of the villages where the factory of the assessee is situated, is business expenditure allowable as deduction u/s 37 Facts- The assessee filed return of income declaring Rs.45,62,36,080 as per the normal provisions of the Act. While completing the assessment u/s. 143 (3), the AO made the following additions by way of interest disallowed of Rs.2,37,76,873 and Corporate Social Responsibility expenditure of Rs.70,52,990. On a...