Assessee Entitled to Deduct CSR Expenses u/s 80G; Denial Leads to Double Disallowance Against Legislative Intent.

Assessee Entitled to Deduct CSR Expenses u/s 80G; Denial Leads to Double Disallowance Against Legislative Intent. https://www.taxtmi.com/highlights?id=53424 Deduction u/s 80G - CSR expenses - assessee cannot be denied the benefit of claim under Chapter VI A, which is considered for computing ‘Total Taxable Income”. If assessee is denied this benefit, merely because such payment forms part of CSR, would lead to double disallowance, which is not the intention of Legislature. en-us Mon, 18 May 2020 12:23:25 +0530 Mon, 18 May 2020 12:23:25 +0530 TaxTMI RSS Generator Assessee Entitled to Deduct CSR Expenses u/s 80G; Denial Leads to Double Disallowance Against Legislative Intent. https://www.taxtmi.com/highlights?id=53424 Deduction u/s 80G - CSR expenses - assessee cannot be denied the benefit of claim under Chapter VI A, which is considered for computing ‘Total Taxable Income”. If assessee is denied this benefit, merely because such payment forms part of CSR, would lead to double disallowance, which is not the intention of Legislature. Highlights Income Tax Mon, 18 May 2020 12:23:25 +0530 https://www.taxtmi.com/highlights?id=53424