CSR Deduction Allowed Under Section 80G Due to Absence of Statutory Restriction

DCIT Vs Honeywell Automation India Limited (ITAT Pune) The Income Tax Appellate Tribunal (ITAT), Pune adjudicated an appeal filed by the Revenue against the order of the Commissioner of Income Tax (Appeals) [CIT(A)/NFAC] for Assessment Year 2020–21 concerning disallowance of deduction under Section 80G on Corporate Social Responsibility (CSR) expenditure. The assessee had incurred CSR expenditure amounting to ₹18.99 crore and, in compliance with Explanation 2 to Section 37(1), had added back such expenditure while computing business income. However, it claimed deduction under Section 80G f...