Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The ITAT allowed the deduction claimed u/s 80G for Corporate Social Responsibility (CSR) expenditure. The solitary reason for denying the deduction by the lower authorities was that it was a statutory obligation under the Companies Law and not a voluntary contribution. However, the Tribunal held that the assessee had fulfilled all the conditions for claiming deduction u/s 80G, and the donations were verified by the tax auditor. The Tribunal directed the Assessing Officer to grant the deduction claimed u/s 80G.
The ITAT allowed the deduction claimed u/s 80G for Corporate Social Responsibility (CSR) expenditure. The solitary reason for denying the deduction by the lower authorities was that it was a statutory obligation under the Companies Law and not a voluntary contribution. However, the Tribunal held that the assessee had fulfilled all the conditions for claiming deduction u/s 80G, and the donations were verified by the tax auditor. The Tribunal directed the Assessing Officer to grant the deduction claimed u/s 80G.
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