Expenditure relating to project are revenue expense allowable u/s 37 of Income Tax Act

ACIT Vs Indian Farm Forestry Development Cooperative Ltd. (ITAT Delhi)

ITAT Delhi held that expense on Social & Rural Development Programme are revenue in nature, accordingly, the same are allowable under section 37 of the Income Tax Act.

Facts- The Assessee being Cooperative Society is engaged in trading/marketing of various types of fertilizer, manufactured by IFFCO at various places in India.

AO from the Profit & Loss account submitted by the Assessee, no

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