CSR Deduction Denied Despite Section 80G Claim in Tax Appeal

Tega Industries Limited Vs DCIT (ITAT Kolkata)

Corporate Guarantee Fee Capped at 0.5% & CSR Donation Eligible u/s 80G: ITAT Grants Partial Relief to Tega Industries

Kolkata ITAT partly allowed the appeal of Tega Industries Limited for AY 2020-21, granting significant relief on transfer pricing & deduction issues. On the issue of corporate guarantee given to overseas AEs (Tega Singapore & Tega Chile), Tribunal held that such guarantee constitutes an international transaction u/s 92B in view of the statutory Explanation. However, following consiste

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