https://www.taxtmi.com/caselaws?id=463063 Section 263 revision was held unsustainable where the Assessing Officer had raised specific queries on the Chapter VI-A claim, examined the supporting material, and adopted a plausible view after enquiry. A revisional order cannot stand merely because another view is possible; it must be both erroneous and prejudicial to the interests of the Revenue. On the substantive issue, CSR-related donations were treated as deductible under section 80G where the statutory conditions of that provision are met, and the disallowance of CSR expenditure as business expenditure under Explanation 2 to section 37(1) does not by itself bar a separate Chapter VI-A claim. en-us Fri, 25 Oct 2024 00:00:00 +0530 Mon, 04 Aug 2025 20:17:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463063 Section 263 revision was held unsustainable where the Assessing Officer had raised specific queries on the Chapter VI-A claim, examined the supporting material, and adopted a plausible view after enquiry. A revisional order cannot stand merely because another view is possible; it must be both erroneous and prejudicial to the interests of the Revenue. On the substantive issue, CSR-related donations were treated as deductible under section 80G where the statutory conditions of that provision are met, and the disallowance of CSR expenditure as business expenditure under Explanation 2 to section 37(1) does not by itself bar a separate Chapter VI-A claim. Case-Laws Income Tax Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463063