HDFC BANK LIMITED,MUMBAI vs. THE DEPUTY COMMISSIONER OF INCOME TAX - 2 (3) (1), MUMBAI

charitable trust for which the assessee has claimed 50% of the total donation\npaid as deduction u/s.800 of the Act. Prior to the Finance (No.2) Act, 2014, the said\nexpenditure was claimed as 'business expenditure' u/s.37(1) of the Act where after the\ninsertion of Explanation 2 to section 37(1) of the Act, the CSR expenses referred

DATTATRAY N SAWANT HUF,MUMBAI vs. ITO 22(1)(1), MUMBAI

In the result, assessee’s appeal in ITA No 2360/Mum/2013 is partly allowed as indicated above

Bench: Shri Saktijit Dey & Shri Ramit Kochar