https://www.taxtmi.com/caselaws?id=314413 The ITAT Kolkata quashed the CIT's revision order under Section 263 regarding CSR expenditure claimed as donations under Section 80G. The assessee had suo moto disallowed CSR expenditure but claimed it under Section 80G, arguing the recipient institutions had valid Section 80G registration. The CIT rejected this, distinguishing between CSR expenditure and donations. However, the ITAT found the CIT failed to verify whether recipients had Section 80G registration and did not establish the twin conditions for Section 263 action - that the assessment order was erroneous and prejudicial to revenue. The appeal was allowed. en-us Wed, 06 Jul 2022 00:00:00 +0530 Fri, 07 Jun 2024 20:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314413 The ITAT Kolkata quashed the CIT's revision order under Section 263 regarding CSR expenditure claimed as donations under Section 80G. The assessee had suo moto disallowed CSR expenditure but claimed it under Section 80G, arguing the recipient institutions had valid Section 80G registration. The CIT rejected this, distinguishing between CSR expenditure and donations. However, the ITAT found the CIT failed to verify whether recipients had Section 80G registration and did not establish the twin conditions for Section 263 action - that the assessment order was erroneous and prejudicial to revenue. The appeal was allowed. Case-Laws Income Tax Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314413