Wednesday 14 October 2015

Cars donated by 'Hyundai' to Police Dept. is CSR exp; disallowable under sec. 37(1)

IT : Expenditure incurred by car-manufacturer on gifts of cars to State police department was held not an eligible expenditure under section 37(1) as it was found not incidental to carrying on business and there was no commercial expediency in incurring this expenditure

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