https://www.taxtmi.com/caselaws?id=314335 The ITAT Hyderabad ruled in favor of the assessee regarding deduction under section 80G for CSR expenditure. The tribunal held that except for specific restrictions in section 80G(2)(iiihk) and (iiihl) relating to Swachh Bharat Kosh and Clean Ganga Fund, CSR donations qualifying under section 80G conditions are eligible for deduction. The Revenue's contention that CSR expenditure exhausts deduction benefits was rejected due to absence of express legislative provision. The tribunal directed the AO to verify and grant TDS credit for Rail Tel Corporation and expeditiously dispose of pending applications regarding book profit adjustments under section 115JB and interest under section 234C. en-us Wed, 16 Aug 2023 00:00:00 +0530 Wed, 04 Dec 2024 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314335 The ITAT Hyderabad ruled in favor of the assessee regarding deduction under section 80G for CSR expenditure. The tribunal held that except for specific restrictions in section 80G(2)(iiihk) and (iiihl) relating to Swachh Bharat Kosh and Clean Ganga Fund, CSR donations qualifying under section 80G conditions are eligible for deduction. The Revenue's contention that CSR expenditure exhausts deduction benefits was rejected due to absence of express legislative provision. The tribunal directed the AO to verify and grant TDS credit for Rail Tel Corporation and expeditiously dispose of pending applications regarding book profit adjustments under section 115JB and interest under section 234C. Case-Laws Income Tax Wed, 16 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314335