https://www.taxtmi.com/caselaws?id=462884 ITAT Ahmedabad quashed PCIT's revision order under section 263 regarding deduction claimed under section 80G for CSR expenditure. The tribunal held that revision proceedings were unjustified, citing SC precedent in Malabar Industries that every revenue loss cannot be deemed prejudicial unless the AO's view is unsustainable in law. The tribunal noted that when AO adopts a permissible legal course resulting in revenue loss, or where two views are possible and AO takes one view disagreed by CIT, it cannot constitute an erroneous order prejudicial to revenue interest. Supporting decisions from ITAT Mumbai in Societe Generale Securities and ITAT Kolkata in JMS Mining similarly held revision proceedings unjustified for denying section 80G deduction on CSR expenditure. The appeal was allowed and revision order was quashed. en-us Mon, 28 Oct 2024 00:00:00 +0530 Tue, 22 Jul 2025 20:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462884 ITAT Ahmedabad quashed PCIT's revision order under section 263 regarding deduction claimed under section 80G for CSR expenditure. The tribunal held that revision proceedings were unjustified, citing SC precedent in Malabar Industries that every revenue loss cannot be deemed prejudicial unless the AO's view is unsustainable in law. The tribunal noted that when AO adopts a permissible legal course resulting in revenue loss, or where two views are possible and AO takes one view disagreed by CIT, it cannot constitute an erroneous order prejudicial to revenue interest. Supporting decisions from ITAT Mumbai in Societe Generale Securities and ITAT Kolkata in JMS Mining similarly held revision proceedings unjustified for denying section 80G deduction on CSR expenditure. The appeal was allowed and revision order was quashed. Case-Laws Income Tax Mon, 28 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462884