Case Law Details
Case Name : Green Infra Solar Energy Limited Vs ACIT (ITAT Delhi)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Delhi
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Green Infra Solar Energy Limited Vs ACIT (ITAT Delhi)
The first ground of appeal in all the three appeals before us, is regarding whether the learned CIT(A) erred in confirming addition of CSR expenses to book profit, when there is no such requirement to adjust the same while computing book profit as per provisions of section 115JB of the Act.
At the time of hearing before us, Mr. Biren V. Shah, CA, the learned Authorized Representative (‘Ld. AR’, for short) for assessee submitted before us that this issue is squarely covered in favour of the assessee and against Revenue vide aforesaid ord...
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Thanks for sharing this article. The heading suggest “Exclude the CSR expenses in the Computation of Book Profit u/s 115 JB which actually would suggest that the profits to be computed without considering (excluding) such expense whereas the decision is that these expenses need not be adjusted in the computation i.e. they would remain included in the schedule of expenses as per statutory profit & loss account. The heading may please be tweaked suitably.