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 addi

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