https://www.taxtmi.com/caselaws?id=464359 CSR-linked donations were treated as eligible for deduction under section 80G because CSR character alone does not defeat the statutory conditions, and the disallowance was deleted. The section 35(2AB) claim was restored for fresh verification after the subsequent production of Form 3CL, with the Assessing Officer directed to reconsider the claim on that basis. Year-end exchange gain on foreign currency receivable from share sale was held taxable in the year of revaluation under the foreign exchange fluctuation regime, but not assessable as capital gains merely because the underlying transaction involved shares. Deductions under sections 80IA and 80IC were upheld where the assessment order recorded no reasoned disallowance. en-us Tue, 18 Feb 2025 00:00:00 +0530 Fri, 24 Oct 2025 15:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464359 CSR-linked donations were treated as eligible for deduction under section 80G because CSR character alone does not defeat the statutory conditions, and the disallowance was deleted. The section 35(2AB) claim was restored for fresh verification after the subsequent production of Form 3CL, with the Assessing Officer directed to reconsider the claim on that basis. Year-end exchange gain on foreign currency receivable from share sale was held taxable in the year of revaluation under the foreign exchange fluctuation regime, but not assessable as capital gains merely because the underlying transaction involved shares. Deductions under sections 80IA and 80IC were upheld where the assessment order recorded no reasoned disallowance. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464359