https://www.taxtmi.com/caselaws?id=776392 The ITAT Chennai upheld the PCIT's revision under section 263, finding the AO's assessment erroneous and prejudicial for failing to verify the claim of deduction under section 80G. The matter was remitted to the AO with directions to verify receipts and allow the deduction if eligible. However, the tribunal disagreed with the PCIT's disallowance of section 80G deduction relating to CSR expenditure, referencing precedents that such deductions cannot be denied. The AO was directed to verify the donee's eligibility and allow the deduction accordingly. The assessee's appeal was partly allowed. en-us Fri, 03 Jan 2025 00:00:00 +0530 Sat, 09 Aug 2025 09:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776392 The ITAT Chennai upheld the PCIT's revision under section 263, finding the AO's assessment erroneous and prejudicial for failing to verify the claim of deduction under section 80G. The matter was remitted to the AO with directions to verify receipts and allow the deduction if eligible. However, the tribunal disagreed with the PCIT's disallowance of section 80G deduction relating to CSR expenditure, referencing precedents that such deductions cannot be denied. The AO was directed to verify the donee's eligibility and allow the deduction accordingly. The assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776392