CSR Donations Eligible for Section 80G Deduction Despite Section 37 Disallowance: ITAT Pune

Nyati Builders Private Limited Vs ACIT (ITAT Pune) The Pune Bench of the Income Tax Appellate Tribunal (ITAT) adjudicated an appeal concerning the disallowance of deduction claimed under Section 80G of the Income-tax Act, 1961, in respect of amounts forming part of Corporate Social Responsibility (CSR) expenditure for Assessment Year (AY) 2018–19. The assessee, a company engaged in real estate development and construction, filed its return declaring income under normal provisions and book profit under Section 115JB. During scrutiny assessment, the Assessing Officer (AO) noticed that the asse...