ITAT Delhi Escorts Skill Development Vs CIT (Exemptions) ITA No. 527/Del/2017 Dated 26/04/2019 Since common questions of facts and law have been raised in both the aforesaid appeals, the same are being disposed off by way of composite order to avoid repetition of discussion. 2. The Appellant, Escorts Skill Development (hereinafter referred to as the… Read More »
IN THE INCOME TAX APPELLATE TRIBUNAL RAIPUR BENCH, RAIPUR Assistant Commissioner of Income Tax Circle 1(1), Bilaspur ………….…………….Appellant Vs. Jindal Power Limited ……..….…….…Respondent Tanmar, Raigarh 496 107 I.T.A. No.99/BLPR/2012 Assessment year: 2008-09 S. 37(1): Expenditure on Corporate Social Responsibility (CSR), though voluntary, is allowable as business expenditure. Explanation 2 to s. 37(1) inserted w.e.f. 01.04.2015… Read More »
Amendment in Companies (Corporate Social Responsibility Policy) Rules, 2014 NOTIFICATION NO. GSR 540(E) [F.NO.05/12/2016-CSR-CELL], DATED 23-5-2016 In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Corporate… Read More »
No. 05/01/2014-CSR Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Marg New Delhi -110 001 General Circular No. 05/2016 Dated: 16th May, 2016 To, All Regional Director, All Registrar of Companies, All Stakeholders Subject: Clarification with regard to provisions of Corporate Social Responsibility under section 135 of… Read More »
COMPANIES (CORPORATE SOCIAL RESPONSIBILITY POLICY) RULES, 2014 NOTIFICATION [FILE NO.1/18/2013-CL.V], DATED 27-2-2014 In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely:— Short title and commencement 1. (1)These rules may be… Read More »
High Level Committee Report on CSR Compliance A High Level Committee, set up by the Ministry of Corporate Affairs to suggest measures for monitoring the progress of implementation of Corporate Social Responsibility (CSR) policies by companies, submitted its report on 22nd September, 2015. The report, including the recommendations of the Committee, has been placed in… Read More »
CSR Activities by Corporate Houses Corporate Social Responsibility (CSR) provision of the Companies Act, 2013 came into force from 1st April, 2014. The year 2014-15 was the first year of implementation of CSR by companies under the legislation. During this year, a total of 460 listed companies which have placed annual CSR returns on their… Read More »
Activities by Companies Under CSR The provisions of Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013 and rules made thereunder have been notified on 27.02.2014. These notifications are available on the Ministry’s website (www.mca.gov.in). The salient features of CSR provision inter-alia, are as follows: companies above the specified threshold of … Read More »
KPMG Survey on CSR The KPMG report available in public domain regarding a survey of Corporate Responsibility (CR) Reporting by 4500 companies across 45 countries in 2015, places India as the leading country in terms of reporting Corporate Responsibility. The key findings of the survey suggest inter alia, (a) India has the highest CR reporting… Read More »
General Circular No. 01/2016 No. 05/19/2015 Government of India Ministry of Corporate Affairs 12 January 2016 To All Regional Directors All Registrar of Companies All Stakeholders Subject : Frequently Asked questions (FAQ’s) with regard to Corporate Social Responsibility under Section 135 of Companies act 2013 Sir Section 135 of the Companies Act, 2013, Schedule VII of… Read More »