Case Law Details
Case Name : PCIT Vs PEC Ltd. (Delhi High Court)
Related Assessment Year : 2013-14,2014-15
Courts :
All High Courts Delhi High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
PCIT Vs PEC Ltd. (Delhi High Court)
Delhi High Court held that Explanation 2 was inserted in Section 37 via Finance (No.2) Act, 2004 and is effective from 01.04.2015 [from Assessment Year 2015-2016 onwards]. Accordingly, expenditure incurred towards Corporate Social Responsibility is allowable as deduction u/s 37 of the Income Tax Act.
Facts- The present writ is filed by the department alleging that ITAT has erred in allowing deduction of expenses undertaken under the Corporate Social Responsibility (
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.