The Authority for Advance Rulings, Telangana (AAR) ruled that Income Tax Credit (ITC) can be availed on Corporate Social Responsibility (CSR) Expenses in the case of M/s Bambino Pasta Food Industries Private Limited, the applicant. The applicant has sought advanced ruling on whether ITC is available on CSR expenditure spent by the company. The applicant is a private limited company engaged in the is a manufacturer of Vermicelli and pasta Products.
Source India
