Tribunal held that Explanation 2 to the business-expenditure...

Tribunal held that Explanation 2 to the business-expenditure exclusion does not by itself preclude claiming deductions under the specific charitable-donation deduction provision; donations to approved relief funds made in discharge of Corporate Social Responsibility obligations are not expressly excluded and therefore remain deductible under the statutory donation deduction scheme. Applying strict construction of taxing statutes and relying on precedent, the Tribunal allowed the deduction for donations to Prime Minister and State Chief Minister relief funds. The Tribunal remitted the separate computation discrepancy under the intimation to the assessing officer for verification.