https://www.taxtmi.com/caselaws?id=462883 ITAT Mumbai allowed the assessee's appeal and quashed the PCIT's order under Section 263. The case involved allowability of deduction under Section 80G for CSR expenditure. The assessee had added back CSR expenditure in income computation per Explanation 2 to Section 37 and claimed 50% deduction under Section 80G. The AO conducted detailed enquiries and verification regarding the Section 80G claim on CSR expenditure. ITAT relied on precedents from Synergia Lifesciences Pvt. Ltd. and Alubound Dacs India Pvt. Ltd., which established that CSR expenditure is allowable as deduction under Section 80G. Since the AO had made proper verification and the assessee provided relevant submissions during assessment proceedings, ITAT held the Section 263 order was unsustainable and quashed it. en-us Fri, 06 Sep 2024 00:00:00 +0530 Tue, 22 Jul 2025 20:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462883 ITAT Mumbai allowed the assessee's appeal and quashed the PCIT's order under Section 263. The case involved allowability of deduction under Section 80G for CSR expenditure. The assessee had added back CSR expenditure in income computation per Explanation 2 to Section 37 and claimed 50% deduction under Section 80G. The AO conducted detailed enquiries and verification regarding the Section 80G claim on CSR expenditure. ITAT relied on precedents from Synergia Lifesciences Pvt. Ltd. and Alubound Dacs India Pvt. Ltd., which established that CSR expenditure is allowable as deduction under Section 80G. Since the AO had made proper verification and the assessee provided relevant submissions during assessment proceedings, ITAT held the Section 263 order was unsustainable and quashed it. Case-Laws Income Tax Fri, 06 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462883