CSR Payments to Approved Charities Qualify for Section 80G – Tribunal Reiterates

Trent Limited Vs DCIT (ITAT Mumbai) Mandatory CSR Not Voluntary? Irrelevant for 80G— Disallowance u/s 37 Doesn’t Block 80G- Tribunal Follows Consistent Mumbai Rulings Assessee had incurred CSR expenditure of Rs.2.65 crore during FY 2019-20 &  claimed Rs.1.28 crore as deduction u/s 80G since the amount was paid to approved charitable institutions. AO disallowed the claim holding that CSR spends are mandatory u/s 135 of Companies Act & hence lack voluntariness, which is an essential ingredient of “donation”; CIT(A) upheld this reasoning. Before Tribunal, Assessee relied on sever...