Corporate Social Responsibility expense is deductible u/s 37(1) of Income Tax Act

PCIT  Vs Steel Authority of India Ltd (Delhi High Court)

Delhi High Court held that Corporate Social Responsibility [CSR] expenses incurred by the assessee are allowable as deduction under section 37(1) of the Income Tax Act.

Facts-

Revenue has preferred the present appeal on the grievance that impugned order is flawed as the expenditure incurred by the assessee towards Corporate Social Responsibility is not amenable to deduction under

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