https://www.taxtmi.com/caselaws?id=762602 The ITAT Bangalore allowed the assessee's appeal and directed the AO to grant deduction u/s 80G for CSR expenditure. The revenue authority had denied the deduction solely on grounds that CSR expenses constitute statutory obligations under Companies Law rather than voluntary contributions. The ITAT found that donation receipts were verified by the tax auditor, eligibility was certified in Form 3CD, and all other conditions of section 80G were satisfied. The tribunal concluded that lower authorities had accepted fulfillment of other statutory requirements, making the denial unjustified. en-us Fri, 27 Sep 2024 00:00:00 +0530 Wed, 04 Dec 2024 08:44:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762602 The ITAT Bangalore allowed the assessee's appeal and directed the AO to grant deduction u/s 80G for CSR expenditure. The revenue authority had denied the deduction solely on grounds that CSR expenses constitute statutory obligations under Companies Law rather than voluntary contributions. The ITAT found that donation receipts were verified by the tax auditor, eligibility was certified in Form 3CD, and all other conditions of section 80G were satisfied. The tribunal concluded that lower authorities had accepted fulfillment of other statutory requirements, making the denial unjustified. Case-Laws Income Tax Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762602