https://www.taxtmi.com/caselaws?id=375167 The appeal challenged the Commissioner of Income Tax's order under section 263, which directed an increase in total income due to under-assessment. The ITAT held that the disallowance of Corporate Social Responsibility (CSR) expenditure was not applicable for the relevant assessment year, following the decision in Jindal Power Ltd. Additionally, the ITAT upheld the CIT's direction to treat insurance claim proceeds as income, rejecting the appellant's treatment as advance. The appeal was partly allowed, and the order was pronounced on 08.02.2019. en-us Fri, 08 Feb 2019 00:00:00 +0530 Fri, 15 Feb 2019 08:09:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375167 The appeal challenged the Commissioner of Income Tax's order under section 263, which directed an increase in total income due to under-assessment. The ITAT held that the disallowance of Corporate Social Responsibility (CSR) expenditure was not applicable for the relevant assessment year, following the decision in Jindal Power Ltd. Additionally, the ITAT upheld the CIT's direction to treat insurance claim proceeds as income, rejecting the appellant's treatment as advance. The appeal was partly allowed, and the order was pronounced on 08.02.2019. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375167