https://www.taxtmi.com/caselaws?id=776634 The ITAT upheld the PCIT's revision under section 263, finding the original order erroneous and prejudicial to revenue. However, the PCIT's disallowance of Rs. 25,00,000 under section 80G was incorrect. The assessee claimed Rs. 12,68,250 as deduction, which is 10% of adjusted gross total income under section 80G(4), not 50% of the total donation. After excluding Rs. 39,00,000 donated to the specified trust, the eligible deduction under section 80G is Rs. 5,86,000 (50% of Rs. 11,73,000). The claim is thus restricted to Rs. 5,86,000 instead of Rs. 12,68,250. The PCIT was directed to modify the order accordingly. The appeal was partly allowed. en-us Tue, 07 Jan 2025 00:00:00 +0530 Thu, 14 Aug 2025 08:26:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776634 The ITAT upheld the PCIT's revision under section 263, finding the original order erroneous and prejudicial to revenue. However, the PCIT's disallowance of Rs. 25,00,000 under section 80G was incorrect. The assessee claimed Rs. 12,68,250 as deduction, which is 10% of adjusted gross total income under section 80G(4), not 50% of the total donation. After excluding Rs. 39,00,000 donated to the specified trust, the eligible deduction under section 80G is Rs. 5,86,000 (50% of Rs. 11,73,000). The claim is thus restricted to Rs. 5,86,000 instead of Rs. 12,68,250. The PCIT was directed to modify the order accordingly. The appeal was partly allowed. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776634