Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
Scientific research association approval requires continuing SIRO status, annual donation reporting, and donor certificates for the approved foundatio...
Scientific research institution approval is conditional on SIRO recognition, annual donation reporting, donor certification, and prescribed compliance...
Deduction claimed u/s 80G for donations qualifying as CSR expenditure was expressly disallowed u/s 37(1). The court held that even though there is no explanation for disallowing deductions for contributions to Swachh Bharat Kosh and Clean Ganga Fund u/s 80G, there is no such restriction for other contributions mentioned in Schedule VII of the Companies Act and Section 80G. The CBDT clarified that CSR expenditure admissible u/ss 30 to 36 shall be allowed despite being for CSR obligations. The contention that "donations" u/s 80G(2)(a) excludes mandatory CSR expenditure was rejected, as there is no compulsion to donate to institutions approved u/s 80G for CSR expenditure. Taxing statutes must be interpreted strictly, and deductions u/s 80G cannot be denied by importing restrictions from other sections, except where specifically barred. Therefore, the assessee is not barred from claiming deduction u/s 80G for donations to approved institutions, even if made for discharging CSR obligations u/s 135 of the Companies Act.
Deduction claimed u/s 80G for donations qualifying as CSR expenditure was expressly disallowed u/s 37(1). The court held that even though there is no explanation for disallowing deductions for contributions to Swachh Bharat Kosh and Clean Ganga Fund u/s 80G, there is no such restriction for other contributions mentioned in Schedule VII of the Companies Act and Section 80G. The CBDT clarified that CSR expenditure admissible u/ss 30 to 36 shall be allowed despite being for CSR obligations. The contention that "donations" u/s 80G(2)(a) excludes mandatory CSR expenditure was rejected, as there is no compulsion to donate to institutions approved u/s 80G for CSR expenditure. Taxing statutes must be interpreted strictly, and deductions u/s 80G cannot be denied by importing restrictions from other sections, except where specifically barred. Therefore, the assessee is not barred from claiming deduction u/s 80G for donations to approved institutions, even if made for discharging CSR obligations u/s 135 of the Companies Act.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
