https://www.taxtmi.com/caselaws?id=460405 ITAT Mumbai held that CSR expenditure under Companies Act, 2013 is eligible for deduction u/s 80G if all statutory conditions are met. The tribunal found no specific bar in section 80G preventing deduction of mandatory CSR expenditure. Following precedents in Reliance Industries Ltd. and Naik Seafoods Pvt. Ltd., ITAT upheld CIT(A)'s decision allowing the deduction. Revenue's appeal was dismissed, confirming that CSR payments qualifying under section 80G requirements are deductible. en-us Wed, 24 Jul 2024 00:00:00 +0530 Wed, 22 Jan 2025 18:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460405 ITAT Mumbai held that CSR expenditure under Companies Act, 2013 is eligible for deduction u/s 80G if all statutory conditions are met. The tribunal found no specific bar in section 80G preventing deduction of mandatory CSR expenditure. Following precedents in Reliance Industries Ltd. and Naik Seafoods Pvt. Ltd., ITAT upheld CIT(A)'s decision allowing the deduction. Revenue's appeal was dismissed, confirming that CSR payments qualifying under section 80G requirements are deductible. Case-Laws Income Tax Wed, 24 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460405