https://www.taxtmi.com/caselaws?id=753401 The ITAT Delhi ruled in favor of the assessee on two key issues. First, the tribunal held that CSR expenditure donations qualify for deduction under Section 80G despite being disallowed under Section 37(1), as both provisions operate independently. The mandatory nature of CSR does not disqualify the deduction since CSR expenditures are philanthropic without reciprocal commitments, similar to regular donations. Second, the tribunal allowed TDS credit in the same year income was offered to tax, following precedent from Inter Globe Enterprises Ltd. The assessee's appeal was allowed on both grounds. en-us Tue, 28 May 2024 00:00:00 +0530 Mon, 11 Nov 2024 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753401 The ITAT Delhi ruled in favor of the assessee on two key issues. First, the tribunal held that CSR expenditure donations qualify for deduction under Section 80G despite being disallowed under Section 37(1), as both provisions operate independently. The mandatory nature of CSR does not disqualify the deduction since CSR expenditures are philanthropic without reciprocal commitments, similar to regular donations. Second, the tribunal allowed TDS credit in the same year income was offered to tax, following precedent from Inter Globe Enterprises Ltd. The assessee's appeal was allowed on both grounds. Case-Laws Income Tax Tue, 28 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753401