The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ), in Misrilall Pvt.Ltd v. DCIT recently held that peripheral development expenditure as part of CSR is revenue expenditure and the peripheral development and CSR Expenses incurred by the company wholly and exclusively for the purposes of the business cannot be disallowed under Section 37(1) […]
The post Peripheral Development Expenditure as part of CSR is Revenue Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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