https://www.taxtmi.com/caselaws?id=433677 The Tribunal ruled in favor of the assessee, a steel castings manufacturer, allowing the deduction claimed under Sec.80G for donations paid to M/s. Sri Ranganathar Trust. The Tribunal held that donations converted from loans are akin to cash donations and are eligible for deduction under Sec.80G, disagreeing with the AO and Ld.CIT(A). Emphasizing the substance over form principle, the Tribunal directed the AO to allow the deduction claimed by the assessee for all assessment years, based on the nature of the donations and compliance with statutory requirements. en-us Wed, 11 Jan 2023 00:00:00 +0530 Mon, 06 Feb 2023 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433677 The Tribunal ruled in favor of the assessee, a steel castings manufacturer, allowing the deduction claimed under Sec.80G for donations paid to M/s. Sri Ranganathar Trust. The Tribunal held that donations converted from loans are akin to cash donations and are eligible for deduction under Sec.80G, disagreeing with the AO and Ld.CIT(A). Emphasizing the substance over form principle, the Tribunal directed the AO to allow the deduction claimed by the assessee for all assessment years, based on the nature of the donations and compliance with statutory requirements. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433677