The ITAT upheld the PCIT's revision under section 263, declaring...

The ITAT upheld the PCIT's revision under section 263, declaring the assessment order erroneous and prejudicial to revenue for failing to verify the deduction claim under section 80G. The matter was remitted to the AO with directions to verify receipts and eligibility of the donee before allowing the deduction. However, the Tribunal disagreed with the PCIT's disallowance of section 80G deduction relating to CSR expenditure, citing precedents affirming such claims cannot be denied. Consequently, the AO was directed to allow the section 80G deduction on CSR donations after proper verification. The assessee's appeal was partly allowed consistent with these findings.

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