Expenditure incurred on community development is allowable u/s 37(1)

DCIT Vs GMR Warora Energy Ltd. (ITAT Mumbai)

ITAT Mumbai held that expenditure incurred on community development/CSR are allowable under section 37(1) of the Income Tax Act.

Facts- The assessee is a company engaged in the business of power generation and has commenced commercial operation of Unit-1 in the financial year 2012-13 and Unit-2 in the financial year 2013-14. During the year under consideration, the assessee filed its return of income on 30/11/2014, declaring a t

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