https://www.taxtmi.com/caselaws?id=313801 Section 263 revisional jurisdiction could not be used to revise an assessment allowing deduction under section 80G for CSR-related donations where the Assessing Officer had already examined the claim and the assessee had disclosed the relevant facts. Explanation 2 to section 37(1) applies to computation of business income and does not itself bar a deduction otherwise allowable under Chapter VI-A. Section 80G contains only a specific restriction for certain CSR-linked donations, not a general prohibition for all donations made in the course of CSR compliance. On that basis, the assessment was not erroneous and prejudicial to the interests of the Revenue, and the revision was unsustainable. en-us Mon, 20 Nov 2023 00:00:00 +0530 Tue, 26 May 2026 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313801 Section 263 revisional jurisdiction could not be used to revise an assessment allowing deduction under section 80G for CSR-related donations where the Assessing Officer had already examined the claim and the assessee had disclosed the relevant facts. Explanation 2 to section 37(1) applies to computation of business income and does not itself bar a deduction otherwise allowable under Chapter VI-A. Section 80G contains only a specific restriction for certain CSR-linked donations, not a general prohibition for all donations made in the course of CSR compliance. On that basis, the assessment was not erroneous and prejudicial to the interests of the Revenue, and the revision was unsustainable. Case-Laws Income Tax Mon, 20 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313801