https://www.taxtmi.com/caselaws?id=766526 ITAT Kolkata held that PCIT's revision u/s 263 was invalid where assessee had suo moto disallowed CSR expenses in income computation but claimed 50% deduction u/s 80G for eligible donations. The tribunal found no statutory bar preventing such deduction claims under 80G, provided conditions are satisfied. Following precedent in JMS Mining Pvt. Ltd., the AO's allowance of 80G deduction was deemed a plausible view. PCIT failed to establish the assessment order was erroneous and prejudicial to revenue, lacking jurisdictional facts for revision. Appeals allowed. en-us Mon, 24 Feb 2025 00:00:00 +0530 Thu, 27 Feb 2025 08:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766526 ITAT Kolkata held that PCIT's revision u/s 263 was invalid where assessee had suo moto disallowed CSR expenses in income computation but claimed 50% deduction u/s 80G for eligible donations. The tribunal found no statutory bar preventing such deduction claims under 80G, provided conditions are satisfied. Following precedent in JMS Mining Pvt. Ltd., the AO's allowance of 80G deduction was deemed a plausible view. PCIT failed to establish the assessment order was erroneous and prejudicial to revenue, lacking jurisdictional facts for revision. Appeals allowed. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766526