Social welfare expenses incurred at workplace & nearby villages allowable

NACL Industries Limited Vs ACIT (ITAT Hyderabad)

Conclusion: Expenditure incurred by the assessee was not merely philanthropic, but also had a business angle, therefore, deduction was allowable to assessee under section 37.

Held: in the instant case, AO held that social welfare expenses incurred by assessee were in the nature of “corporate social responsibility” (CSR), only such expenses which were incurred wholly and exclusively for the purpose of business could be allowed as a d

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