CSR-Based Donations Eligible for Section 80G Deduction: ITAT Cochin

Plant Lipids Pvt Ltd. Vs DCIT (ITAT Cochin) The appeal before the Cochin Bench of the Income Tax Appellate Tribunal concerned the disallowance of deduction claimed under Section 80G of the Income-tax Act, 1961, in respect of donations made out of Corporate Social Responsibility (CSR) expenditure for Assessment Year 2020-21. The assessee, a private limited company engaged in the manufacture and export of spice oils, oleoresins, and related products, filed its return of income declaring total income of ₹160.94 crore. The Assessing Officer (AO) referred the assessee’s international transactio...