https://www.taxtmi.com/caselaws?id=753722 ITAT Mumbai set aside Pr.CIT's revision order u/s 263 regarding assessee's eligibility for deduction u/s 80G on CSR donations. The tribunal held that A.O. had applied mind during scrutiny assessment, conducted necessary inquiries, and adopted one possible view. Pr.CIT failed to establish twin conditions of order being erroneous and prejudicial to revenue. Since A.O. verified facts, didn't doubt genuineness of expenditure, and assessee was eligible for 80G deduction with no dispute on donee institutions' registration, the revision was unjustified. Appeal allowed in assessee's favor. en-us Mon, 03 Jun 2024 00:00:00 +0530 Sat, 08 Jun 2024 09:05:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753722 ITAT Mumbai set aside Pr.CIT's revision order u/s 263 regarding assessee's eligibility for deduction u/s 80G on CSR donations. The tribunal held that A.O. had applied mind during scrutiny assessment, conducted necessary inquiries, and adopted one possible view. Pr.CIT failed to establish twin conditions of order being erroneous and prejudicial to revenue. Since A.O. verified facts, didn't doubt genuineness of expenditure, and assessee was eligible for 80G deduction with no dispute on donee institutions' registration, the revision was unjustified. Appeal allowed in assessee's favor. Case-Laws Income Tax Mon, 03 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753722