https://www.taxtmi.com/caselaws?id=779895 ITAT held that amounts transferred to the special reserve under RBI Act s.45IC are appropriations and not deductible for computing normal income or book profit u/s 115JB. Donations made as CSR payments qualify for deduction u/s 80G where paid to eligible institutions, except for specified funds (Swachh Bharat Kosh and Clean Ganga Fund). Amounts transferred to the income-tax special reserve under s.36(1)(viii) are to be excluded from book profit u/s 115JB and taxed only on withdrawal. A delayed ESI employee contribution paid the next day due to a public holiday was allowed as a deduction. en-us Mon, 15 Sep 2025 00:00:00 +0530 Wed, 15 Oct 2025 08:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779895 ITAT held that amounts transferred to the special reserve under RBI Act s.45IC are appropriations and not deductible for computing normal income or book profit u/s 115JB. Donations made as CSR payments qualify for deduction u/s 80G where paid to eligible institutions, except for specified funds (Swachh Bharat Kosh and Clean Ganga Fund). Amounts transferred to the income-tax special reserve under s.36(1)(viii) are to be excluded from book profit u/s 115JB and taxed only on withdrawal. A delayed ESI employee contribution paid the next day due to a public holiday was allowed as a deduction. Case-Laws Income Tax Mon, 15 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779895