https://www.taxtmi.com/caselaws?id=776355 The ITAT Ahmedabad held that for AY 2020-21, a company opting for taxation under section 115BAA at a concessional rate was not barred from claiming deductions under section 80G, as the restriction on Chapter VI-A deductions was introduced only from AY 2021-22. The Tribunal further ruled that CSR expenditures, although statutory under the Companies Act, do not lose their eligibility for deduction under section 80G if all conditions are met, consistent with prior decisions. The AO's acceptance of the deduction was upheld, as there was no material to show arbitrariness or lack of application of mind. The PCIT's revision direction was set aside, and the assessee's appeal was allowed, affirming the deduction claim under section 80G for CSR expenses for the relevant year. en-us Wed, 06 Aug 2025 00:00:00 +0530 Fri, 08 Aug 2025 05:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776355 The ITAT Ahmedabad held that for AY 2020-21, a company opting for taxation under section 115BAA at a concessional rate was not barred from claiming deductions under section 80G, as the restriction on Chapter VI-A deductions was introduced only from AY 2021-22. The Tribunal further ruled that CSR expenditures, although statutory under the Companies Act, do not lose their eligibility for deduction under section 80G if all conditions are met, consistent with prior decisions. The AO's acceptance of the deduction was upheld, as there was no material to show arbitrariness or lack of application of mind. The PCIT's revision direction was set aside, and the assessee's appeal was allowed, affirming the deduction claim under section 80G for CSR expenses for the relevant year. Case-Laws Income Tax Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776355